India a land of opportunities, Modi tells Qatar's businessmen

Promises to remove bottlenecks to improve ease of doing business; Qatar evinces interest in joint defence production, to share intel info on terror financing

Published: 06th June 2016 03:39 AM  |   Last Updated: 06th June 2016 03:39 AM   |  A+A-


NEW DELHI: Prime Minister Narendra Modi on Sunday invited Qatar’s top firms to grab business opportunities in India while promising to remove bottlenecks identified by them.

Modi held a closed-door meeting with Qatari business leaders on the second day of his visit, explaining the various steps taken by his government to facilitate the ease of doing business in India. Qatar has also indicated interest in joint production of defence equipment in India.

“India is a land of opportunity. I have come to personally invite you to take advantage of this opportunity. All of you recognise the potential of India. I will address the bottlenecks you have identified,” External Affairs Ministry spokesperson Vikas Swarup tweeted, quoting Modi.

Modi, Swarup said, identified agro processing, railways and solar energy as promising areas for investment. He told leading businessmen during the round table in Doha that India’s 800 million youth were its biggest strength and infrastructure expansion and manufacturing were priorities. The Prime Minister talked about projects for Smart Cities, metros, urban waste management etc, which are geared to upgrade the quality of life of people.

On the second day of the visit, the two countries signed 7 agreements ranging from skills and health to tourism. An agreement was signed to enhance cooperation on skill development and mutual recognition of qualifications to facilitate mobility of skilled workers from India to Qatar.

‘India keen on joint development of oil’

Doha: Prime Minister Narendra Modi on Sunday informed Qatar that India is interested in joint exploration of new oil and gas fields as well development of discovered assets in the energy-rich Qatar.

7 Agreements to boost bilateral ties

  1. Framework to facilitate participation of Qatari institutional investors in infrastructure projects in India
  2. Promote cooperation and mutual assistance on customs administration through exchange of intelligence
  3. Exchange intelligence related to money laundering, terrorism-financing
  4. Enhance cooperation on skill development to facilitate mobility of skilled workers
  5. Bilateral cooperation in the field of planning and developing tourism, through marketing and promotion
  6. Cooperation in areas of health, pharmaceuticals, medical education etc
  7. First Executive Programme for exchanges and cooperation in sports activities


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