His Excellency Mr. Mohammed bin Hassan Al Malki, Undersecretary of the Ministry of Commerce and Industry, and His Excellency Shri Ajay Seth, Secretary of the Department of Economic Affairs of the Republic of India, co-chaired the first meeting of the joint task force on Investment between the State of Qatar and the Republic of India, held in New Delhi in the presence of several government officials from both countries. The joint task force serves as a platform to enhance and strengthen investment relations between the State of Qatar and the Republic of India. It aims to develop a strategic roadmap to increase economic and investment relations between the two countries. Its scope includes building an investment partnership to enhance long-term strategic cooperation, supporting the partnership by mobilizing financial resources towards priority sectors and areas of mutual interest, enhancing cooperation between start-up ecosystems, supporting innovators, and guiding companies to benefit from cooperation opportunities such as "Make in India" and "Made in Qatar." Additionally, it seeks to explore new investment sectors, boosting investor confidence by facilitating and streamlining investment procedures. His Excellency, the Undersecretary of the Ministry of Commerce and Industry, explained that the total trade volume between the two countries amounted to approximately 13.46 billion US dollars in 2023, making the Republic of India the second largest trading partner of the State of Qatar. He added that Qatari entities, along with the Qatari private sector, are active investors in the Indian market. His Excellency pointed out that economic diversification is a fundamental pillar of Qatar’s National Vision 2030. In this context, the Undersecretary explained that the key sectors outlined in the Third National Development Strategy will provide promising avenues for bilateral partnerships and investment between the two nations and highlighted that these sectors include industry, logistics, information technology, digital and financial services, healthcare, education, and other vital sectors. His Excellency also expressed his confidence that the joint efforts of the two countries will lead to further success, prosperity, and an increase in mutual investments.