Piyush Goyal Co-Chairs India–Qatar Trade Commission In Doha
ECONOMY & POLICY

Piyush Goyal Co-Chairs India–Qatar Trade Commission In Doha

Union Minister of Commerce and Industry, Shri Piyush Goyal, paid an official visit to Doha, Qatar, to co-chair the India–Qatar Joint Commission on Economic and Commercial Cooperation with H.E. Sheikh Faisal bin Thani bin Faisal Al Thani, Qatar’s Minister of Commerce and Industry.

This was the first meeting of the upgraded Joint Commission, following the decision during the visit of the Amir of Qatar to India in February 2025 to elevate the earlier Joint Working Group on Trade and Commerce. The visit reaffirmed the two nations’ strong commitment to advancing bilateral economic engagement and expanding cooperation across multiple sectors.

During the meeting, both Ministers:
  • Reviewed bilateral trade valued at over USD 14 billion (Rs 1.17 trillion) in 2024–25 and discussed measures to further diversify trade in goods and services.
  • Set a shared goal of doubling bilateral trade by 2030, with a focus on energy, infrastructure, manufacturing, finance, technology, and green growth.
  • Agreed to expedite the finalisation of the Terms of Reference (ToR) to begin formal negotiations for the India–Qatar Comprehensive Economic Partnership Agreement (CEPA).
  • Noted Qatar’s USD 10 billion (Rs 835 billion) investment commitment made during the Amir’s state visit, highlighting both sides’ intent to unlock new opportunities for mutual investment.
  • Emphasised enhanced cooperation in key areas such as the digital economy, healthcare, agriculture, tourism, culture, and environmental sustainability.
On the sidelines, Shri Goyal held high-level bilateral meetings with Qatari dignitaries and business leaders to explore partnerships in food security, trade finance, project collaborations, and infrastructure investments.
He also addressed the inaugural meeting of the India–Qatar Joint Business Council (JBC), attended by representatives from FICCI, CII, ASSOCHAM, and the Qatar Chamber, and later interacted with members of the Qatari Businessmen Association (QBA). Shri Goyal underscored India’s emergence as one of the fastest-growing major economies and a global hub for innovation, manufacturing, and technology under the Viksit Bharat@2047 vision.
In a landmark step towards digital collaboration, Shri Goyal launched the Unified Payments Interface (UPI) service in Qatar, enabling seamless digital transactions for Indian expatriates and local users.
The Minister also met members of the Indian Business and Professionals Council (IBPC), the Doha Chapter of the Institute of Chartered Accountants of India (ICAI), and the broader Indian community in Qatar, commending their role in strengthening economic and cultural ties between the two nations.
The visit concluded with both countries reaffirming their shared vision for a resilient, diversified, and forward-looking partnership built on mutual trust, energy cooperation, technological collaboration, and strong people-to-people ties. 

Union Minister of Commerce and Industry, Shri Piyush Goyal, paid an official visit to Doha, Qatar, to co-chair the India–Qatar Joint Commission on Economic and Commercial Cooperation with H.E. Sheikh Faisal bin Thani bin Faisal Al Thani, Qatar’s Minister of Commerce and Industry.This was the first meeting of the upgraded Joint Commission, following the decision during the visit of the Amir of Qatar to India in February 2025 to elevate the earlier Joint Working Group on Trade and Commerce. The visit reaffirmed the two nations’ strong commitment to advancing bilateral economic engagement and expanding cooperation across multiple sectors.During the meeting, both Ministers:Reviewed bilateral trade valued at over USD 14 billion (Rs 1.17 trillion) in 2024–25 and discussed measures to further diversify trade in goods and services.Set a shared goal of doubling bilateral trade by 2030, with a focus on energy, infrastructure, manufacturing, finance, technology, and green growth.Agreed to expedite the finalisation of the Terms of Reference (ToR) to begin formal negotiations for the India–Qatar Comprehensive Economic Partnership Agreement (CEPA).Noted Qatar’s USD 10 billion (Rs 835 billion) investment commitment made during the Amir’s state visit, highlighting both sides’ intent to unlock new opportunities for mutual investment.Emphasised enhanced cooperation in key areas such as the digital economy, healthcare, agriculture, tourism, culture, and environmental sustainability.On the sidelines, Shri Goyal held high-level bilateral meetings with Qatari dignitaries and business leaders to explore partnerships in food security, trade finance, project collaborations, and infrastructure investments.He also addressed the inaugural meeting of the India–Qatar Joint Business Council (JBC), attended by representatives from FICCI, CII, ASSOCHAM, and the Qatar Chamber, and later interacted with members of the Qatari Businessmen Association (QBA). Shri Goyal underscored India’s emergence as one of the fastest-growing major economies and a global hub for innovation, manufacturing, and technology under the Viksit Bharat@2047 vision.In a landmark step towards digital collaboration, Shri Goyal launched the Unified Payments Interface (UPI) service in Qatar, enabling seamless digital transactions for Indian expatriates and local users.The Minister also met members of the Indian Business and Professionals Council (IBPC), the Doha Chapter of the Institute of Chartered Accountants of India (ICAI), and the broader Indian community in Qatar, commending their role in strengthening economic and cultural ties between the two nations.The visit concluded with both countries reaffirming their shared vision for a resilient, diversified, and forward-looking partnership built on mutual trust, energy cooperation, technological collaboration, and strong people-to-people ties. 

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement