India’s External Affairs Minister, H E Dr. S Jaishankar, with Director of Lulu Hypermarket Group, Dr. Mohamed Althaf.
Doha: Dr. Mohamed Althaf, Director of Lulu Hypermarket Group in Qatar, said that the visit of Indian External Affairs Minister, H E Dr. S Jaishankar represents another significant milestone in a historically deep and continuous relationship between Qatar and India.
After meeting with the minister along with a group of business leaders from Qatar, he said that “Qatar like India, is going through a massive diversification of its economy. We have seen the bilateral trade between the two countries experiencing a phenomenal growth, but the nature of investments and trade has not changed very significantly reflecting the growing diversification of Qatar and India economies,” Dr. Althaf said.
He added that today Qatar has one of the most highly educated populations in the region, the highest GDP per capita in the world, a thriving, diversified economy, some of the finest ecosystem for a knowledge-based economy, Qatar has built a world-class infrastructure for smart manufacturing and exports.
All these developments offer massive opportunities for Indian companies; Indian conglomerates can take the advantage of favorable rules and ease of doing business here to make Qatar a hub for their global expansion. “I believe that relation between Qatar and India are mature enough to take qualitative leap and move towards a strategic partnership able to provide mutual benefits,” he added.
