According to Piyush Goyal, the business between India and Qatar can be double by 2030.
America is the highest burden of tariff on India. India’s export with 50 percent tariff is bound to decrease. Due to which the country’s economy is likely to be damaged. In such a situation, India has started going to those options, so that not only the loss of American tariffs can be compensated. Also, your economy can be strengthened further. For this, India has turned to the Middle East. Especially the talks have been started with those countries of the Gulf, who have business, but not as much as it should be. For this, India has executed its old plan of free trade. This time India Commerce Minister has taken Qatar in his court. Also, a blueprint has been prepared so that the trade between the two countries can be doubled by the coming 5 years i.e. 2030. Let us also tell you what kind of information has been given by Piyush Goyal in this matter.
Something like this is blueprint
On his Qatar tour, Commerce Minister Piyush Goyal said that India and Qatar will soon finalize the outline of the talks on a free trade agreement. He also said that this agreement between the two countries is expected to be completed by the middle of next year or by the third quarter. Commerce and Industry Minister Piyush Goyal discussed with Qatar’s Commerce and Industry Minister Sheikh Faisal bin Thani bin Faisal al Thani. Goyal has come here on a two -day visit. He told reporters here that I think we will be able to finalize a free trade agreement (FTA) by the middle of next year or third quarter….
Business will be double in 5 years
The minister said that we have discussed that we should start FTA talks soon. We are discussing the outline of the terms of the context and once we finalize it, we will pursue it so that the business and business doubled from US $ 14 billion to US $ 30 billion by 2030 to US $ 30 billion. He said that I can see a lot of opportunities and possibilities here. Goyal said that there is a lot of potential to increase cooperation in agriculture, food products, non-conventional energy, renewable energy sources, data centers, tourism, cosmetics, pharma and artificial merit.
Qatar investment in India
Asked about Qatar’s commitment to an investment of US $ 10 billion, he said that out of this, US $ 4-5 billion has already been invested and US $ 1–15 billion is almost in the final stages. He said that he (Qatar) is looking for good promoters and good projects in India and I hope that our organizations like CII and FICCI will provide very good investment opportunities. Qatar is an important trading partner of India in the Gulf Cooperation Council (GCC), with bilateral trade more than US $ 14.15 billion in 2024–25.