Qatari investment invited |
India`s Prime Minister Narendra Modi on June 5 invited Qatar`s business leaders to take advantage of it by investing in the country and promised to address "bottlenecks" identified by them.India is a land of opportunity. Modi in a roundtable meeting with Qatari business leaders, identified agro processing, railways and solar energy as very promising areas for Qatari investment. He described 800 million youth in India as the country`s biggest strength. India`s 800 million youth are its biggest strength. Infrastructure expansion & upgradation & manufacturing are Indian priorities. He added that projects like smart cities, metros and urban waste management are geared towards upgrading quality of life of people. Earlier, Qatar`s minister of trade and economy Sheikh Ahmed bin Jassim Al Thani welcomed Modi and sought more intensive economic engagement with India. The size of annual bilateral trade between India and Qatar is around US$ 10 billion and both the countries would like to expand it significantly. Qatar has a major sovereign wealth fund and India is eyeing to attract investment from it. Modi is on a five-nation visit and landed in Qatar from Afghanistan. Modi will also visit Switzerland, the US and Mexico as part of the tour.
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