The talks began with an extensive review of recent exchanges and visits that have shaped India-Qatar relations. Prime Minister Narendra Modi’s visit to Qatar in February 2024 established a clear trajectory for bilateral engagement, followed by a productive visit by India’s External Affairs Minister Dr. S. Jaishankar to Doha in June 2024. During his visit, Dr. Jaishankar met with Qatar’s Prime Minister and Minister of Foreign Affairs, Sheikh Mohammed bin Abdulrahman Al-Thani, to further align both countries’ strategic objectives.

India and Qatar have seen a sustained upswing in trade relations, with bilateral trade currently valued at approximately USD 14 billion annually. The economic dialogue during the FOC reflected this trend, as both nations identified key avenues to increase trade volumes and diversify investments. This partnership holds promise across sectors, including technology, healthcare, and infrastructure, with a significant focus on renewable energy and financial technology as sectors poised for growth.

The FOC underscored the importance of mutual investments, especially as both countries continue to collaborate in oil and gas. India, one of Qatar’s largest energy consumers, and Qatar, among India’s top sources for LNG, view this energy partnership as essential for both economic stability and sustainable growth.

The Indian diaspora in Qatar is a vibrant testament to the strong people-to-people ties binding the two nations. With over 700,000 Indians in Qatar, the Indian community plays a significant role in the Gulf state’s socio-economic fabric.

Expanding Partnerships in New Domains: Technology, FinTech, and Start-ups