Qatar has announced a $10 billion investment in India across multiple sectors, according to a joint statement released on Tuesday. The announcement came after Qatar’s Emir Sheikh Tamim bin Hamad Al-Thani completed his two-day visit to New Delhi. Meanwhile, Prime Minister Narendra Modi described their discussions as “very productive.” He emphasized the focus on trade, stating, “Trade featured prominently in our talks. We want to increase and diversify India-Qatar trade linkages,” in a post on X (formerly Twitter). Notably, this was the first visit by a Qatari Emir to India in a decade.

Trade featured prominently in our talks. We want to increase and diversify India-Qatar trade linkages. Our nations can also work closely in sectors like energy, technology, healthcare, food processing, pharma and green hydrogen.@TamimBinHamad pic.twitter.com/7WAmUHRanH

— Narendra Modi (@narendramodi) February 18, 2025

Qatar’s Investment Plan

As part of this agreement, Qatar will invest in infrastructure, technology, manufacturing, food security, logistics, hospitality, and other industries. This move will further strengthen economic ties between the two nations. In addition, both countries have set an ambitious goal to double their annual trade to $28 billion within the next five years. Furthermore, they are actively exploring a free trade agreement (FTA), according to the Indian Foreign Ministry.

Expanding India-Qatar Trade and Energy Cooperation

Currently, trade between India and Qatar stands at $18.77 billion as of the fiscal year ending March 2023. Since Qatar supplies more than 48% of India’s liquefied natural gas (LNG) imports, it plays a crucial role in India's energy security. Going forward, both nations have agreed to expand their energy cooperation. They plan to increase mutual investments in energy infrastructure and explore the possibility of settling trade transactions in their respective currencies to improve financial collaboration. Overall, with this major investment and enhanced trade cooperation, India and Qatar are set to deepen their economic partnership in the coming years.