Mumbai : Nearly two dozen domestic companies have invested $ 450 million in Qatar in the last seven years, creating 2,000 jobs in the Arab kingdom.
“A total of 21 Indian companies have invested in Qatar between January 2010 to May 2016. These companies invested nearly $ 450 million creating 2,000 jobs.
Of the total investments, $ 225 million were invested in Doha alone,” Qatar Financial Centre (QFC) chief strategy and business development officer Kamal Nagi told PTI.
India currently ranks fourth in terms of FDI into the Arab kingdom.
The QFC is a fully onshore business and financial centre under the government of Qatar, which is currently organising a multi-city roadshow in the country to boost investments in the Gulf state. It conducted a roadshow here today.
Indian companies from sectors such as infrastructure, banking, insurance, information technology and consulting have been present in Qatar for over several years and have rapidly grown owing to the region’s business-friendly policies and simplified tax and regulatory structure, he said.
Some of the largest Indian companies invested in Qatar include LIC, TCS, L&T, ICICI Bank, SBI, HDFC Bank, Voltas and Shapoorji Pallonji, among others. QFC director for strategy and business intelligence Akshay Randeva said Qatar has invested in a world-class infrastructure and envisages this momentum to grow in the run-up to 2022 FIFA World Cup and also to achieve the kingdom’s 2030 Vision for sustainable growth.
