India seeks investments from Qatar in infra, energy sectors

December 3, 2016

New Delhi, Dec 3: India on Saturday sought investments from Qatar in the infrastructure and energy sectors as the two sides signed four agreements, including on visas and cyber security.

modi

During delegation-level talks here led by Prime Minister Narendra Modi and his visiting Qatari counterpart Sheikh Abdullah bin Nasser bin Khalifa Al Thani, the two sides reviewed bilateral relations in depth, in particular on the follow-up of the important decisions taken during Modi's visit to Qatar in June this year.

Sources here said the two leaders discussed cooperation in various sectors and acknowledged that the current level of trade and investment was much below potential.

"Prime Minister Modi highlighted the tremendous opportunities available for Qatari investment in India's infrastructure and energy sectors," a source said.

"He outlined the various measures taken by his government to open up the Indian economy and welcome FDI."

Modi and Al Thani also identified civil aviation as a priority sector for enhancing cooperation.

According to the sources, Modi mentioned that India imported eight million tonnes of urea per year and said that a long term arrangement with Qatar for the supply of urea would be welcome.

India could also meet Qatari needs in the area of food security, he said.

On his part, the Qatari Prime Minister invited India's participation in infrastructure and investment opportunities coming up ahead of the FIFA World Cup in that Gulf nation in 2022.

He also welcomed Indian investment in the port sector of Qatar.

"On energy cooperation, Prime Minister Modi said that we should go beyond the buyer-seller relationship to include joint ventures, joint research and development and joint exploration," the source said.

Qatar is the largest supplier of LNG to India, accounting for 66 percent of the total imports in 2015-16.

Modi, it is learnt, said that Indian companies were ready to invest in both upstream and downstream projects in Qatar in the hydrocarbon sector.

The two leaders discussed enhancing cooperation in defence and security, in cyber security in particular, and agreed on joint action to tackle money laundering and terrorist financing.

The security situation in Iraq, Syria and Yemen also came up for discussion.

Following the delegation-level talks, four agreements were signed by the two sides.

One agreement allows holders of diplomatic, special and official passports of the two countries visa-free travel between the two countries.

A protocol on technical cooperation in cyber space and combating cyber crime was signed between the Ministry of Home Affairs of India and the Ministry of Interior of Qatar.

The protocol adds an important dimension of bilateral technical cooperation in cyberspace and combating cyber crime to the existing framework agreement in the field of security signed in November 2008.

A letter of intent was signed that allows for negotiations on an agreement on grant of e-visa to businessmen and tourists of the two countries.

A memorandum of understanding (MoU) was also signed between Supreme Committee for Delivery and Legacy of Qatar and Confederation of Indian Industry which will provide a framework for project experts for Indian companies in Qatar, including through participation in infrastructure projects in Qatar undertaken for the 2022 FIFA World Cup.

Another MoU was signed for encouraging greater collaboration and exchange in the field of national ports management.

Al Thani arrived here on Friday in what was the third exchange of high-level visits between Indiaand the Gulf nation in less than two years.

Qatari Emir Sheikh Tamim bin Hamad Al-Thani visited India in March 2015 which was followed by the visit of Modi to that Gulf nation in June 2016.

Indians form the largest expatriate community in Qatar and their positive contribution in the progress and development of their host country is well recognised. There are over expatriate 630,000 Indians in Qatar.

Comments

Narayana
 - 
Sunday, 4 Dec 2016

Oh my Godse!! Idu enaithu marayarey!!!

satyameva jayte
 - 
Saturday, 3 Dec 2016

hi naren and viren.....any comments for your PM dealing with wahabi islamic countries? tum log bhi sudhar jaao.... papa enjoying...pillas troubling...

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News Network
March 8,2020

Udupi, Mar 8: The 75-year old man who was admitted to Udupi District Hospital over suspected Corona Virus infection has tested negative on Saturday.

The reports from Bengaluru Medical College’s laboratory where the samples of the person were sent, confirmed that the aged person was not infected with Corona Virus.

The report was submitted to the District Administration by the laboratory that confirmed that the person was not infected by the viral Corona Virus.

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News Network
May 11,2020

May 11: The Karnataka government appears set to roll out red carpet welcome to foreign companies seeking to move out of China.

The State's Large and Medium Scale Industries Minister Jagadish Shettar said the Government plans to constitute a task force, under the Chairmanship of the Chief Secretary T M Vijay Bhaskar, to spearhead the drive to attract such investment. A proposal to this effect has been sent to the Chief Minister B S Yediyurappa for approval, the Minister told PTI in an interview.

This panel would take feedback and suggestions from a consultative committee to be formed with prominent industrialists from the State and representatives of various countries located here, Shettar said.

In recent days, the Minister held consultations with industrialists such as co-founder and Non-Executive Chairman of Infosys Ltd, Nandan M Nilekani, Executive Chairperson of Biocon Ltd, Kiran Mazumdar-Shaw and Chairman of early-stage startup accelerator and venture fund Axilor Ventures Senapathy (Kris) Gopalakrishnan to fine-tune the States outreach push.

Shettar also held interactions with industry bodies, including Confederation of Indian Industry (CII), the Federation of Karnataka Chambers of Commerce and Industry (FKCCI), Bangalore Chamber of Industry and Commerce (BCIC) and Karnataka Small Scale Industries Association (KASSIA).

Industrialists who took part in the deliberations suggested to the government to focus on ease of doing business and improving the single window clearance system for approvals, as the Minister spelt out government's intent of further improving the investment climate to attract industries to Karnataka.

To boost the industry sentiment in the State, they also stressed the need on easing land acquisition regulations, and leveraging the knowledge base of Bengaluru to promote technology-based manufacturing.

"Given the interest shown by some companies in moving their manufacturing bases out of China, the industry leaders recommended that the State government identify a target list of 100 firms to reach out to for attracting to the State, and work out a strategy to bring them to Karnataka," an Industry department official said.

The industry leaders assured cooperation from the private sector in reaching out to and facilitating interactions with CEOs of these companies.

Shettar said restrictions on acquisition of agriculture land for starting industries have now been relaxed with the passage of an amendment to the land reforms act in the recent Legislature session.

This would facilitate immediate land allotment to industries, he added.

The Minister has also submitted a proposal to the Chief Minister on relaxing labour laws.

Secretary General of industry body ASSOCHAM, Deepak Sood, told news agency recently that there is a broader consensus that the global manufacturing supply chain would be more spread than concentrated in major economies like China.

"If India comes out of the present crisis with minimum of impact, we can be the destination of choice for the global manufacturing giants in different sectors like electronics, computer hardware, pharmaceuticals, including medical devices, automobile, including components and other engineering products," Sood had said.

Gopalakrishnan, also co-founder of Infosys and former CII President, said India has to target companies which have operations in China, reach out to them, understand what their needs are and hold discussions with them.

"We have to make sure that their requirements are addressed, be it with regard to land, office space, faster approvals, and some concessions on local taxes. It depends on the businesses that the companies are in, and if we are able to respond to those requests, I think we will be able to attract them", he told news agency.

"All states will compete for this business (foreign investment)," Gopalakrishnan added.

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News Network
June 3,2020

Mangalore, Jun 3: One man was arrested by the Crime Branch of city police from Mangalore for allegedly having links with gangster Ravi Pujari, Joint Commissioner of Police (Crime) Sandeep Patil said on Wednesday.

According to the police, the man identified as Ghulam has been sent to 10-day police custody.

"During the investigation of a case related to Ravi Pujari, it was found that one Ghulam is a close associate of Pujari and had helped him in extortion and other illegal activity. Ghulam was arrested from Mangalore. He was produced before a court and sent to 10-day police custody," Patil said.

The senior police officer said that further investigation is on in the matter.

Pujari, who was wanted in several cases including ones related to heinous crimes like murder and extortion, was brought to Bengaluru earlier this year from Senegal. He had reportedly gone underground two decades ago and had allegedly been carrying out illegal activities from abroad.

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