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By Prasenjit Das
At the India-Qatar Business Forum, organised by the CII (Confederation of Indian Industry) Union Commerce and Industry Minister Piyush Goyal said India is transitioning from energy-based trade to advanced technologies.
He emphasised that India is shifting its focus towards new-age technologies like AI (artificial intelligence), Quantum computing, IoT (internet of things), and semiconductors, with energy taking a backseat.
He stated, “We are now looking at a new future where we will transition from energy being the hallmark of our trade to new age technologies, whether it is Artificial Intelligence, Internet of Things, Quantum Computing, or semiconductors.”
Goyal underscored the importance of sustainability, entrepreneurship, energy, and technology in driving this transition. He also stated that India’s massive startup ecosystem will attract investments from Qatar.
“This transition is going to rest on the pillars of sustainability, entrepreneurship and energy, and technology. We have a huge startup ecosystem in India, which will be very inviting for investments coming in from Qatar,” Goyal added.
Qatar’s Minister of Commerce and Industry, Sheikh Faisal bin Thani bin Faisal Al Thani said, “The relationship between Qatar and India is not just a transaction, it is a tradition built on mutual respect, shared interests and a commitment to bolster economic cooperation. Our trade partnership has flourished with India becoming Qatar’s third largest trading partner,”
The Business Forum featured three-panel discussions on investments, logistics, advanced manufacturing, and future-focused areas like AI, innovation, and sustainability.
The discussion held in this business forum highlighted India’s potential as a gateway to the broader South Asian market and Qatar’s role as a key hub connecting the Middle East. Panelists noted significant potential for India-Qatar collaboration, particularly in high-quality solar grid polysilicon manufacturing.
Two MoUs (Memoranda of Understanding) were signed between the Qatari Businessmen Association (QBA) and the Confederation of Indian Industry (CII), and between Invest Qatar and Invest India.
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