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2016-06-07 18:40:00

INDIA & QATAR NEGOTIATIONS

INDIA & QATAR NEGOTIATIONS

India's Prime Minister Narendra Modi is paying his first official visit to gas-rich Qatar, where he met the Gulf country's leaders on Sunday to discuss economic ties.

Qatar is one of the world's largest suppliers of liquefied natural gas. Qatari media says it supplies India with more than 85 percent of its gas needs.

The Indian Embassy says bilateral trade reached $15.7 billion in 2014- 2015, though just around $1 billion of that constituted Indian exports to Qatar. Since 2010, India has been purchasing 7.5 million tons of LNG every year from Qatar.

Modi and Qatar's ruler, Sheikh Tamim bin Hamad Al Thani, who visited India in March 2015, signed seven agreements to strengthen ties, according to the official Twitter account of India's Foreign Ministry spokesman, Vikas Swarup.

Modi also met Qatari businessmen and encouraged them to invest more in India, calling it "a land of opportunity." The Qatar Investment Authority has several large-scale investments in India, including a more than $1 billion stake in telecommunications company Bharati Airtel. Qatar Airways has expressed interest in expanding its routes to India and in buying a stake in budget airline IndiGo.

Modi arrived on Saturday and met with Indian laborers that evening, telling them he is aware of the conditions they face in Qatar. Modi, who is active on Twitter, posted photos of himself dining and chatting with the workers.

"If you have some issues on changing some rules and regulations, I will work with you all to bring about these changes," Modi told the workers.

There are more than a half-million Indians living in Qatar, many working lower paying construction jobs and building stadiums that will host the 2022 World Cup. Foreigners account for roughly 90 percent of the 2.5 million people living in Qatar.

pennenergy.com

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Earlier: 

СОТРУДНИЧЕСТВО КАТАРА И РОССИИ 

IRANIAN - INDIAN COOPERATION 

КАТАР ХОЧЕТ ДЕНЕГ 

RUSSIA OPENS INDIA 

INDIA & SAUDI COOPERATION 

IRAN & QATAR COMPETITION

 

 

 

Tags: INDIA, QATAR, GAS, LNG, INVESTMENT

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