India and Qatar on Tuesday signed an agreement to formally elevate their relations to a Strategic Partnership and exchanged multiple Memorandums of Understanding (MoU) with focus on trade, energy, investments, innovation, technology, food security, culture & people-to-people ties. The Agreement on Establishment of Strategic Partnership between the two countries was exchanged in the presence of Prime Minister Narendra Modi and Sheikh Tamim Bin Hamad Al Thani, Amir of the State of Qatar, at the Hyderabad House here in the national capital.
Prime Minister Modi and the Amir of Qatar held delegation-level talks and both countries also signed an agreement on the Revised agreement for the avoidance of double taxation and prevention of fiscal evasion concerning taxes on income.
Earlier,the Amir of Qatar, who arrived in India on a two-day visit, received the Guard of Honour and a ceremonial welcome in the forecourt of the Rashtrapati Bhavan. He was received by President Droupadi Murmu and Prime Minister Narendra Modi along with senior ministers from the government. The Qatari Amir also interacted with the ministers. President Droupadi Murmu interacted with the Qatari delegation accompanying the Amir.
In the India-Qatar Business Forum in New Delhi,Union Minister of Commerce and Industry, Piyush Goyal highlighted that India-Qatar future partnership will rest on the pillars of sustainability, technology and entrepreneurship and energy. 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 etc. 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 noted.
Newsinc24 Team





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