Qatar to invest big in India |
The Emir of Qatar, Sheikh Tamim bin Hamad AL Thani, wants to invest in big in India. In his first ever interview with leading Indian daily, the Times of India, the Emir said he was really looking forward to his summit with Indian Prime Minister Narendra Modi. It was Modi`s first meeting with any leader of the Arab World. Qatar is among the richest per capita emirates of the Arab world and the 34-year-old Emir is among the youngest Heads of State who took over reins two years ago from his father. Al Thani said he was happy to invest in the `Made in India` initiative of Modi. He looks forward to pragmatic business and investment opportunities, said the Emir, expressing trust in the Indian economy. Investment will be routed through the Qatar Investment Authority. The authority holds significant stakes in such blue-chip corporations as Harrods, Barclays and Sainsbury; the Emir also owns the famed Paris Saint-Germaine Football Club, and controversially won the right to host the 2022 football World Cup. There 600,000 Indians, almost all of them Non Resident Indian (NRI) workers and laborers, in Qatar.
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