Industry & Economy
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Foreign Direct Investment
Qatar keen to invest in Indian services sector
Our Bureau
New Delhi
,
June 22
QATAR has expressed keen desire to invest in India, especially in the services sectors such as health, IT and telecommunication. Besides, Qatar is also looking to increase its stake in the Indian equity market.
This was indicated by Dr Hussain Al-Abdullah, Deputy Secretary General, Investment Affairs, Supreme Council for Economic Affairs & Investment of the state of Qatar in his meetings with the Confederation of Indian Industry, and Federation of Indian Chambers Of Commerce and Industry here.
"We would like to make strategic investments in healthcare, pharma and IT," he said, and also invited India to step up investments in Qatar. Referring to many opportunities for investment in his country, Dr Al-Abdullah said that India could invest in the industrial sector, and added that the Qatari Government was in the process of creating a free zone for financial sector and industrial products, which India could tap.
He said that Qatar allows 100 per cent foreign participation in sectors such as health, education and tourism, and asked Indian counterparts to leverage the opportunity and invest in these sectors.
Dr Al-Abdullah, who is accompanying a high-level delegation to India, said that Qatar was fast emerging as a growing economy and added that his country would become $62-billion economy by the end of 2010.
Qatar would also produce 77mmt of LNG by 2011, thus emphasising that India and Qatar could join hands for mutual benefit.
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