New Delhi: Trade and investment between Qatar and India reached $16.7bn in 2013-14, a section of Indian media said.
Qatar is the largest supplier of liquefied natural gas (LNG) to India. There is a large market for Qatar’s LNG, oil and petrochemical sectors in India, The Economic Times said.
Qatar’s RasGas company has a sale and purchase agreement with Petronet and has been supplying the Indian market since 2004, the report said.
Last December, India received its biggest shipment of LNG at Petronet LNG Ltd’s Dahej import terminal in the western state of Gujarat. Qatar’s major imports from India have increased in recent years, mainly food and construction materials.
India is also negotiating a free trade agreement with Qatar under the India-GCC Framework Agreement, the daily added. QNA
