Qatar is investing a fresh $10B in India

Qatar is making a big move in India, committing $10 billion in fresh investments following a high-level meeting between PM Modi and Qatar’s Emir.

The deets: the investment will span infrastructure, technology, manufacturing, logistics, and food security.

• The discussions also included integrating India’s UPI into Qatar’s payment system and Qatar National Bank (QNB) setting up an office in India’s GIFT City.

The Qatar Investment Authority (QIA), a prolific investor in private enterprise, is also setting up shop in India, signaling deeper economic ties.

Why it matters: Qatar already has $1.5 billion invested in India, and with energy security a key priority, this deal strengthens India’s access to LNG while deepening economic ties.

Worth noting: Bilateral trade between India and Qatar stands at $14 billion annually, with both sides aiming to double it in five years.