The Ambassador of India to the State of Qatar, P Kumaran, noted the growth of trade exchange between India and Qatar increased by 87 percent last year to reach $1.5bn, while it was between $800m and $900m in the previous year.
This came in a statement made by the Ambassador on the sidelines of the launch of Al Meera Consumer Products Company for the “Indian Festival” which started yesterday and continues until December 4 and highlights Indian heritage and culture.
The Ambassador said that India imports large quantities of liquefied natural gas (LNG) and liquefied petroleum gas (LPG) from Qatar with a total value of about $10bn, while India exports to Qatar valued at $1.5bn of food products, machinery, and equipment.
He pointed out that India plans to increase LNG import by 7 to 20 percent to meet the energy needs, which in turn would promote trade with Qatar.
