India is the fourth largest FDI source for Arab nation Qatar

Q.  India is the fourth largest FDI source for which Arab nation?
- Published on 13 Oct 16

a. Iran
b. Iraq
c. Qatar
d. None of the above

ANSWER: Qatar
 
India is the fourth largest FDI source for Arab nation QatarIndia currently ranks 4th in terms of FDI to the Arab kingdom according to Qatar Financial Centre/QFC. QFC us a completely onshore business and financial centre under the Qatar government. A multi-city roadshow has been organised to boost investments in the Gulf state currently
  • Many domestic companies have invested USD 450 million in the Arab nation in the past 7 years, creating 2,000 jobs in Qatar
  • A total of 21 Indian companies have invested in Qatar between January 2010 and May 2016- USD 225 million was invested in Doha alone
  • Indian companies invested in Qatar included LIC, TCS, L&T, ICICI Bank, HDFC, SBI, Voltas and Shapoorji Pallonji.
  • Qatar has invested in world class infrastructure and aims to grow in the run-up to the 2022 FIFA World Cup and also attain the Kingdom’s 2030 vision for sustainable growth
  • Non-hydrocarbon exports are growing at a healthy rate of 12 percent, a positive sign for growth from India
  • Investments are in diverse areas such as IT, BFSI and professional services.

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