19th February 2025 (14 Topics)

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India-Qatar Strategic Partnership

Context

Prime Minister Narendra Modi and Amir Sheikh Tamim bin Hamad Al Thani of Qatar held high-level talks in New Delhi. The discussions led to significant agreements aimed at strengthening bilateral relations, particularly in areas of trade, investment, energy, and security.

Key Outcomes of the Meeting:

Strategic Partnership: India and Qatar agreed to elevate their relationship to a Strategic Partnership, which will help expand cooperation across multiple sectors.
Trade and Economic Goals: The current bilateral trade between India and Qatar is valued at USD 14 billion
- Both nations set a target to double this trade to USD 28 billion by 2030.
- Qatar has committed to invest USD 10 billion in India, primarily through its Sovereign Wealth Fund (Qatar Investment Authority), which currently has USD 1.5 billion in FDI across sectors like retail, power, IT, health, and education.
Energy Cooperation: Qatar is a major supplier of LNG (Liquefied Natural Gas) to India, and a new agreement between Qatar Energy and Petronet LNG Limited will ensure 5 million metric tonnes of LNG to India annually, starting in 2028, for 20 years.
Exploring Free Trade Agreements (FTA): Both sides are exploring the possibility of a Free Trade Agreement (FTA) between India and Qatar, as well as within the Gulf Cooperation Council (GCC).
Agreements Signed: Two significant agreements and five Memoranda of Understanding (MoUs) were signed, covering areas such as:
- Economic Cooperation
- Youth Affairs
- Avoidance of Double Taxation
- Investment
Security and Counter-Terrorism Cooperation: Both countries emphasized the need to combat terrorism in all its forms. This includes cooperation on issues such as:
- Cross-border terrorism
- Cybercrime
- Anti-money laundering
- Transnational crimes like drug trafficking.
Enhanced information sharing and joint law enforcement efforts were agreed upon.
People-to-People Ties: The Indian community in Qatar, which plays a key role in Qatar’s development, was acknowledged for its contribution. Both leaders discussed measures to further improve the welfare of Indian expatriates in Qatar.

India-Qatar Relationship

Today, trade between the two nations stands at roughly USD 20 billion.
Qatar’s key exports to India include Liquefied Natural Gas (LNG) and Liquefied Piped Gas (LPG), chemicals, petrochemicals, plastics and aluminum.
- Qatar is the largest supplier of LNG to India, it accounted for over 48 per cent of all of India’s LNG imports in 2022-2023.
- Similarly, the West Asian nation is also India’s largest supplier of LPG, accounting for 29 per cent of India’s total LPG imports.
India’s key exports to Qatar include cereals, copper articles, iron and steel articles, vegetables, fruits, spices, processed food products, electrical and other machinery, plastic products, construction material, textiles and garments, chemicals, precious stones and rubber.
Defence Ties:
- India provides training slots at its defence institutions for Qatari personnel.
- Indian participation in the biennial Doha International Maritime Defence Exhibition and Conference (DIMDEX) showcases the defence cooperation.
Cultural and Expatriate Relations: Indian expatriates form the largest foreign community in Qatar, with an estimated 8.4 lakh Indians living and working there.

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GS Analyst: Daily Current Affairs

19th February 2025 (14 Topics)

Copy

India-Qatar Strategic Partnership

Key Outcomes of the Meeting:

India-Qatar Relationship

Still Have Questions?

GS Analyst: Daily Current Affairs

India-Qatar Strategic Partnership

Key Outcomes of the Meeting:

India-Qatar Relationship

Still Have Questions?

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