In a significant move towards strengthening bilateral cooperation, a Memorandum of Understanding (MoU) on financial and economic cooperation was signed between the Ministry of Finance (MoF) of the Republic of India and the Ministry of Finance of the State of Qatar on 18.02.2025 during the visit of HH Amir of the State of Qatar to India.

The MoU was signed by Shri Baldeo Purushartha, Joint Secretary, Department of Economic Affairs, MoF, and Mr. Mohammed Hassan Jabir Al-Jabir, the Ambassador to the State of Qatar, on 5^th March 2025, at New Delhi.

The MoU aims to promote and develop mutual collaboration in the areas of economic policies, use of financing tools, public-private partnership framework and investment. This collaboration will institutionalise a commitment for expanding the mutually beneficial and multi-faceted bilateral relationship with Qatar. The MoU is expected to explore new and emerging sectors and avenues for investments in both the countries.

This MoU marks an important milestone in the journey towards achieving common objectives of both the countries. The Ministries of Finance of both the countries shall promote models and areas of joint collaboration between them, such as organising expert workshops, seminars and conferences; exchanging documentary and technical information in areas of joint work and keeping pace with the dialogue between the business communities of the two countries.

The MoU signifies the commitment of both sides to work together and unlock new opportunities for investment, growth and development.

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NB/KMN