Qatari PM To Arrive In India On December 3

Abdullah bin Nasser bin Khalifa Al Thani, the Prime Minister and Minister of State for Interior Affairs of Qatar, is set to arrive in India on December 3.
Senior spokesperson of the Indian Ministry of External Affairs Vikas Swarup confirmed the participation of Qatari premier in the third high-level engagement between the two countries in New Delhi. Speaking at a press conference in the Indian capital over the weekend, Swarup said that the engagement underlined growing ties between India and Qatar in recent times.
“Our close and friendly relations with Qatar are based on mutually beneficial commercial exchanges and extensive people-to-people contacts. Qatar is not only an important trading partner for us in the gulf region, but also an important supplier of LNG to us accounting to accounting for 65% of our total imports in 2015 and 2016,” stressed the spokesperson.
Swarup revealed that Qatar recently emerged as the largest supplier of LNG to the South Asian country. Speaking at a press conference, he said that Prime Minister Abdullah and his Indian counterpart Narendra Modi would explore ways to boost co-operation in the strategic areas of energy.
Since becoming prime minister in 2014, Modi has been trying hard to boost India’s ties with the West Asian country. Qatari Emir Sheikh Tamim bin Hamad Al-Thani visited India in March 2015. Later in June 2016, Prime Minister Modi visited Doha.
A number of Indian nationals live in Qatar and send huge remittance to their country. In its recent report, the Indian Finance Ministry has said that remittances from Indian expats in Qatar have rose by 15% following the Modi government’s crackdown on ‘black money’.
Talking to the local media in Doha, senior Manager of Al Mana Exchange Anand P Jakati said: “In the last two weeks, remittances from Indian expatriates have increased. At least in our branch, it had gone up by between 10% and 15%. But only for this period, of course.”
Meanwhile, Country Manager of Qatar-UAE Exchange Mathai Vaidian stressed that rates had increased by at least 5-10% since the Indian government’s crackdown. “This is a very good initiative on the part of the Indian government to control black money and counterfeit notes. Initially, there would be some inconveniences to the customers, but in the long term it will be an advantage to the government and the public. Because the value of the rupee has gone down, many people are benefitting from higher exchange rates,” added Vaidian.

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