Doha Bank eyes greater Indian investments, Gujarat among focus states
Ahmedabad
The GCC – India bilateral trade is above $130 billion in recent times, out of which Qatar- India bilateral trade is estimated to be around $16 billion. Indian economy is expected to grow by 7.5 percent in the current fiscal year and hence, more viable opportunities to explore the two-way relationship in the areas of trade, investment and banking between the two blocs are slated to open up.
Doha Bank Q.S.C. in partnership with the Confederation of Indian Industry (CII), Ahmedabad, today, organized a session highlighting the “Opportunities in Qatar and the Gulf Cooperation Council”. The program centered round the business avenues available, throwing light on how the destinations have emerged and consolidated bilateral relations with India along with Doha Bank’s expanse, capabilities and strengths in India.
Addressing a gathering of key business people organized by the CII,” Dr. R. Seetharaman, Group CEO, Doha Bank, said, “Qatar and other GCC economies are involved in non-hydro carbon diversification which will give immense opportunities for the Indian Corporates to explore in infrastructure development in the region. India is also a growing economy and hence the bilateral trade and investments between India and GCC are also expected to surge in future. Doha Bank would like to provide a glimpse on these trends and look forward to synergize on the cross border relationships between India and GCC for the benefit of both blocs.”
Qatar is also gearing up to host the 2022 FIFA football event and is the first among the GCC countries to host the event. Consequent to this, the country is witnessing an enormous amount of infrastructural development with airports, seaports, metro projects, road development, malls and a number of hotels all taking off.
Many civil projects are in the offing which will provide opportunities for the Indian companies to invest in and participate.