Reliance Group to expand business cooperation with Qatar

Source: PTI

Anil Ambani-led Reliance Group has expressed a keen interest in playing a larger role in the growing economic ties between India and Qatar by expanding business cooperation with the Gulf country. Ambani called on Qatar's Prime Minister Sheikh Abdullah bin Nasser bin Khalifa Al Thani among other senior Qatari ministers during a visit to the oil-rich country on Sunday. Ambani highlighted the operations of Reliance Group in diverse sectors and discussed possible areas of interest for expanding business cooperation with Qatar to the mutual benefit of both sides. Accompanied by a team of senior executives, he discussed bilateral trade ties with Qatari dignitaries, underlining the group's keen interest in playing a larger role in the growing economic partnership between India and Qatar. Ambassador of India to Qatar Sanjiv Arora was present during Ambani's meetings with Qatari dignitaries as well as his interaction with businessmen. He also met Minister of Finance Ali Shareef Al Emadi, CEO of Qatar Investment Authority (QIA) Sheikh Abdullah bin Mohammed bin Saud Al Thani, Governor of Qatar Central Bank Sheikh Abdullah bin Saoud Al Thani and President of Qatar Petroleum Saad Sherida Al Kaabi. Qatari officials appreciated the distinctive strengths and achievements of various companies of the Reliance Group. They emphasised that there was vast potential to further expand business collaborations between India and Qatar in mutually identified sectors, and welcomed Reliance Group's keenness to contribute more significantly to this process. At an interaction hosted by Doha Bank Group CEO R Seetharaman and his team where Qatar Airways Group CEO Akbar Al Baker was the Guest of Honour, Ambani also met with a number of top Qatari businessmen and investors. Reliance Group, including Reliance Communications, Reliance Capital, Reliance Infrastructure and Reliance Power, is among India's top business houses and has the world's largest shareholder/investor base of over 13 million. Reliance Group has assets in excess of $43 billion, annual revenues of the order of $9 billion, net worth of over $16 billion and over 1,00,000 employees.  

August 31, 2015 | 6:10pm IST.