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India Grants Retroactive Approval to MoU on Financial and Economic Cooperation with Qatar.

MOUs and Agreement | Dated: 17 Mar 2025

In March 2025, the Government of India (GOI) granted retroactive approval to the Memorandum of Understanding (MoU) on financial and economic cooperation between India and Qatar. This MoU was initially established by the Ministry of Finance (MoF), India, and the Ministry of Finance of the State of Qatar on February 18, 2025, during the visit of Amir of Qatar Sheikh Tamim Bin Hamad Al-Thani to India.

🎯 Key Highlights:

  • - The MoU was signed by Shri Baldeo Purushartha, Joint Secretary (JS), Department of Economic Affairs (DEA), MoF, India, and Mr. Mohammed Hassan Jabir Al-Jabir, Ambassador of the State of Qatar, on March 5, 2025, in New Delhi, Delhi.

💡 Other Important Facts:

  • (i) The MoU aims to enhance cooperation in economic policies, financing tools, public-private partnerships, and investment. This collaboration will strengthen the bilateral relationship with Qatar, fostering mutual growth. Additionally, it seeks to explore new and emerging sectors for investment opportunities in both countries.
  • (ii) This MoU marks a significant step toward shared goals between both nations. The Finance Ministries will collaborate by hosting expert workshops, seminars, and conferences, exchanging technical and documentary information, and facilitating dialogue between their business communities.

📚 Test Your Knowledge:

Recently, India granted retroactive approval to a MoU on financial and economic cooperation with which country?

Correct Answer: Qatar

🚀 Quick Recap: