Indias engineering shipments hit by Qatar crisis
Sheela Mamidenna Engineering exports from India to Qatar have been impacted after sanctions were imposed on Doha by some Arab countries, said Engineering Export Promotion Council (EEPC) India on Wednesday. Bahrain, Saudi Arabia, UAE and Egypt had last week announced the suspension of all relations with Qatar over the country’s alleged support for terrorist groups and its political closeness to the Shi’ite majority nation of Iran. Qatar denies these allegations. “Inputs from our engineering exporters indicate that shipping lines operating between India and Doha are keeping the containers on hold. A few such incidents have been reported from Jebel Ali and Krishnapatnam ports,” EEPC India said. Suranjan Gupta - Addl. Executive Director, International Trade Facilitation Centre, speaking to the Dollar Business confirmed that "some ...
Modi in Doha: India, Qatar sign 7 key agreements
The Dollar Business Bureau India and Qatar on Sunday inked seven key agreements, including one to attract Qatar’s institutional investors in India’s infrastructure sector and on sharing data on terrorism-financing and money laundering-related crimes. The other bilateral MoUs that the two nations agreed upon were cooperation and investment in skill development and education, customs matters, health, tourism and sports. In addition to the listed agreements, the Indian Prime Minister Narendra Modi identified India’s several sectors including agro-processing, infrastructure, railways and solar energy as potential areas for Qatari investment. Modi, who is currently on a five-nation tour to Afghanistan, Qatar, Switzerland and Mexico, met the Emir of Qatar, His Highness Sheikh Tamim bin Hamad Al Thani on his second leg in Doha, where he engaged ...
Indias exports to Qatar on way to touch $1 billion in FY2014-15
2022 FIFA World Cup in presents an opportunity for Indian exporters to increase infrastructure and other exports to Qatar The Dollar Business Bureau UAE is a prominent export and re-export destination for Indian goods in the Gulf region With half yearly exports of over $550 million in FY2014-15, Indias exports to Qatar are likely to touch $1 billion in FY2014-15. However, it is a small improvement in reducing the huge trade deficit of over $14 billion that India has with the Gulf nation. According to the International Trade Centre (ITC), India is the third largest export destination for Qatar (behind Japan and South Korea), while Qatar is India's 11th largest trading partner. However, India runs a huge trade deficit with Qatar, with imports ...
