India and Qatar signed seven agreements, including one facilitating Qatari institutional investments in India’s National Infrastructure Investment Fund and another on the exchange of information on terrorist financing and money laundering.
Key Agreements
Qatar also agreed to expand cooperation in energy “through promotion of joint ventures in petrochemical complexes and cooperation in joint exploration in India and other countries.
Terrorism was a key item of discussion between the two sides with the two sides expressing “strong condemnation” of international terrorism, “reiterating their firm resolve to cooperate together to root out this global menace which threatened all nations and societies.
Describing trade as the “abiding link” between the two countries, Modi and the Emir of Qatar discussed ways to increase Qatari investments in India, “particularly in different asset classes and various infrastructure sectors as well as the disinvestments of Indian public sector undertakings.
The two countries agreed to increase the level of participation in infrastructure projects in both countries they further deliberated upon the importance of cooperation between Qatar Investment Authority and National Infrastructure and Investment Fund set up by the government of India.
Modi and the Emir discussed the need to boost cooperation in the financial services sector, including banking, insurance and capital markets and “decided to expand cooperation between the financial institutions of the two countries like Securities and Exchange Board of India and the respective central banks.
Qatar welcomed the participation of Indian companies in infrastructure development projects in preparation for FIFA 2022 World Cup and other infrastructure projects.
India imports 8.5 million tonnes of liquified natural gas from Qatar under the terms of a new pact signed in December.
Current Affairs 4th June, 2016 Current Affairs Round Up Bullet Points, April, 2016 Current Affairs Round Up Bullet Points, March, 2016
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