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International partnerships are vital catalysts for global economic growth and driving expansion in cross-border trade and supply chains. The India-Qatar Joint Business Forum, held on 18th February 2025 in New Delhi, marked a significant step toward strengthening bilateral ties, opening up new opportunities for logistics companies.
The forum signaled a strong commitment to enhancing collaboration across key sectors, with discussions focusing on technology, renewable energy, and emerging industries such as electric vehicles (EVs). This growing partnership is expected to pave the way for increased trade efficiency.
Current India-Qatar Trade Relations
India and Qatar share a strong trade relationship, with energy resources playing a key role. India's primary imports from Qatar include liquefied natural gas (LNG), butane and propane (for LPG production), and petroleum crude oil.
On the other hand, India's key exports to Qatar include basmati rice, articles of iron and steel, and machinery and equipment.
However, India’s import rates from Qatar were 12 times higher than its exports in 2023-24.
Going further, both sides are actively working towards achieving a more balanced trade relationship by exploring new areas of engagement. This transition is expected to be built on key pillars, including sustainability, entrepreneurship, energy, and technology driving long-term economic cooperation and growth.
One area of opportunity is India’s EV sector. The Indian Budget 2025 has introduced strong incentives for EV production, making India a key player in the global market. With Qatar’s commitment to sustainability and clean energy, India’s EV and renewable energy sectors are expected to find a strong market in the region.
Formation of a Joint Commission on Trade and Commerce
Both countries have welcomed a Joint Commission on Trade and Commerce that marks a significant step in strengthening bilateral economic ties.
This newly established commission will serve as an institutional framework to review, monitor, and expand trade relations between India and Qatar. Both countries have set a target to double trade to nearly $30 billion by 2030.
- With bilateral trade expected to double by 2030, logistics companies have the need to scale up their operations to handle the increased volume of goods being transported between India and Qatar.
- The strategic partnership between India and Qatar is expected to lead the development of new trade routes and corridors, reducing transportation times and costs.
Having a high scope of long-term trade relationships strengthens collaboration between both countries, definitely supports enterprises in identifying opportunities, addresses market challenges, and increases participation in international trade exhibitions.
This initiative will enable businesses in India to showcase their products, explore joint ventures, and establish sustainable commercial ties. Significantly enhances and uses the complete potential of the Indian logistics sector.
