Sunday, June 5th, 2016

India-Qatar signs seven agreements, Modi presents India as land of opportunity

Narada Desk | June 5, 2016 7:08 pm Print
Prime minister Modi presented India as an investment destination for Qatar business community
Modi

 

India and Qatar on Sunday  signed seven agreements in sectors ranging from tourism to  healthcare investment.

Prime minister Modi meeting the business leaders in Qatar presented India as an investment destination.

“India is a land of opportunity. I have come to personally invite you to take advantage of this opportunity” Modi told the business community.
The seven agreements between India and Qatar included an MoU for investment in the National Investment and Infrastructure Fund; the setting up of a Finance Intelligence Unit-India (FIU-IND) and a Qatar Financial Information Unit (QFIU); MoUs for cooperation in tourism and health were also signed.

Earlier Modi  held talks with Qatar Emir Tamim Bin Hamad Al Thani.

“Advancing a multi-sectoral partnership. PM Narendra Modi and Shikh Tamim Bin Hamad Al Thani lead delegation level talks,” External Affairs Ministry Spokesperson Vikas Swarup tweeted.

Ahead of the talks, Modi was accorded a ceremonial welcome at the Emiri Diwan here.

“The full splendour of an Arab welcome as PM Narendra Modi receives ceremonial honours at Emiri Diwan in Doha,” Swarup said in another tweet.

Modi’s visit to Qatar is the first by an Indian prime minister in eight years. The then prime minister Manmohan Singh had visited the energy-rich nation in 2008.

This is Modi’s third visit to a GCC country. He visited the United Arab Emirates and Saudi Arabia earlier.

The Prime Minister, who arrived here on Saturday from Afghanistan on the second leg of his five-nation tour, visited a health camp organised for Indian workers soon after his arrival.

After the bilateral talks, a number of agreements between the two sides are expected to be signed.

Qatar is home to around 630,000 expatriate Indians — comprising the single largest group of migrants in Qatar.

Modi will depart for Switzerland on the third leg of the tour which will also take him to the US and Mexico.

 

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