Indian Commerce and Industry Minister Piyush Goyal said that India-Qatar future partnership will rest on the pillars of sustainability, technology and entrepreneurship and energy.

The Minister made the remark at the inaugural session of the India-Qatar Business Forum in New Delhi on Tuesday.

Sheikh Faisal bin Thani bin Faisal Al Thani, Minister of Commerce and Industry, State of Qatar was the Guest of Honour at the session.

Goyal noted that the partnership between the two countries rests on the foundation of trust, trade and tradition.

The Minister added that the terms of trade are undergoing a change, evolving from energy trade to emerging technologies like artificial intelligence, Internet of things (IOT), quantum conducting, semiconductors, among others.

"The entire world is going through a major shift in the context of geopolitical tensions, climate change, cybersecurity threats and  focus on localisation around the world," he said.

The Minister stated that India and Qatar complement each other and can work together for prosperity and a better future.

Two MoUs Signed

Goyal added that together we are set for a transition in terms of trade, investments and highlighted the 2 MoUs signed between Qatari Businessmen Association (QBA) and Confederation of Indian Industry (CII) and another between Invest Qatar and Invest India.

The Minister also announced the elevation of the Joint Working Group on Trade and Commerce to the Ministerial level.

Goyal noted that India offers a vibrant economy, a rich demography with young population, reforms in every sphere of business, focus on ease of doing business and quality at the centrepiece of our industrial evolution.

"India today provides an oasis of stability, predictability and continuity," he added.

The Indian Minister invited companies from Qatar to be a part of India’s journey of growth in investments, manufacturing,renewable energy, expansion of smart cities and infrastructure development.

"Qatar Vision 2030 and India’s Viksit Bharat 2047 will  together define a much bigger and brighter future for the people of the two countries," Goyal said.

Qatar Amir Visiting India

Qatar Amir Sheikh Tamim Bin Hamad Al Thani arrived in India on Monday.

Showing special gestures and breaking protocol, Modi reached the airport to welcome him.