India-Qatar Strategic Partnership Agreement

India and Qatar upgraded their ties to a Strategic Partnership, with Qatar committing USD 10 billion investment and a target to double trade from $14 billion to $28 billion by 2030.

• Key developments under the Agreement:

o Qatar's Sovereign Wealth Fund: Currently has $1.5 billion FDI in India across retail, power, IT, education, health, and affordable housing.

o New Investment Areas: Qatar Investment Authority will focus on infrastructure, ports, shipbuilding, renewable energy, smart cities, food parks, AI, robotics, and machine learning.

o Energy Partnership: Qatar is a major LNG supplier to India; 7.5 MMT per annum of LNG to be supplied for 20 years starting 2028.

o India-GCC Engagement: Qatar joins UAE, Saudi Arabia, Oman, and Kuwait as India’s strategic partner within the GCC.

o Signed Agreements & MoUs: Strategic Partnership Agreement, Revised Double Taxation Avoidance Agreement & MoUs on Economic Collaboration, Youth & Sports, Archives, Investments, and Business Chambers Cooperation.