tl;dr
India and Qatar are expanding their trade beyond energy to include sectors such as artificial intelligence, semiconductors, quantum computing, and the Internet of Things. The two nations are aiming to double bilateral trade by 2030, with Qatar committing to invest $10 billion in India. Both countrie...
India and Qatar are expanding their trade beyond traditional energy exports to sectors such as artificial intelligence, semiconductors, quantum computing, and the Internet of Things. Both nations are aiming to double bilateral trade by 2030, with Qatar committing to invest $10 billion in India.
Qatar is also looking to implement India's Unified Payments Interface (UPI) acceptance nationwide. The collaboration includes discussions on technology, innovation, and e-governance.
During the State Visit of HH the Amir of the State of Qatar, both nations signed the ‘Agreement on the Establishment of Bilateral Strategic Partnership’ to enhance and strengthen their multifaceted relationship. They also exchanged several documents, including the revised ‘Double Taxation Avoidance Agreement’ and two key Memorandums of Understanding (MoUs).
Qatar is set to implement India’s UPI nationwide and both countries are exploring the settlement of bilateral trade in respective currencies. The collaboration also extends to technology, innovation, and e-governance. The partnership aims to drive innovation and sustainability.