Grab investment opportunities in India: PM to Qatari firms

June 5, 2016

Doha, Jun 5: Highlighting India's "investment- friendly policies", Prime Minister Narendra Modi today invited Qatar's companies to "grab" the vast opportunities for business, especially in the infrastructure sector, while promising to remove "bottlenecks" identified by them.

doha copy

On the second day of his visit to the oil-rich Gulf nation, he held an hour-long closed-door interaction with top business leaders of Qatar, telling them about the work done by his government over the last two years to facilitate the ease of doing business.

Qatar's business community had some questions related to rules and and clearances, to which Modi said his government had changed rules and norms to enable easier Foreign Direct Investment (FDI) in a number of sectors, sources said.

He specifically mentioned sectors like railways, defence, manufacturing and food processing. He also spoke about the big opportunity existing in the tourism sector.

The Prime Minister told them that his government will continue to work for easing the norms and rules further to make it more easier to do business in India.

Inviting investments from Qatar's companies, he said that India is a "land of opportunities and they should grab it". In this context, he underlined the fact that India and Qatar have close ties and physically too the two countries are located close to each other.

"India is a land of opportunity. I have come to personally invite you to take advantage of this opportunity," External Affairs Ministry spokesman Vikas Swarup tweeted, quoting Modi.

"All of you recognise the potential of India. I will address the bottlenecks you have identified," Modi told the business leaders.

Addressing the meeting, the Prime Minister said, "there is a vast potential for Qatar investment authority to increase its investment in India, keeping in view India's huge investment needs and investment-friendly policies."
He said Qatar's Sovereign Wealth Fund and other state- owned entities are keenly looking at attractive investment options in infrastructure in India.

"At the round-table with businesspersons from Qatar, discussed ways to enhance India-Qatar economic cooperation," Modi tweeted later.

"Also talked about the investment opportunities in India and why the world must come and @makeinindia," he added.
He also noted that in the last two years, "there has been a substantial growth in India's exports to Qatar".

The major items of exports include machinery, textiles, electronics, construction material, chemical, spices and cereals.
Among the 10 business leaders were Sheikh Faisal bin Qassim Al-Thani, Chairman of QBA & CEO of Al Faisal Holding, Sheikh Fahad M J Al-Thani, Chairman of Doha Bank and Rashid Ali Al-Mansoori, CEO of Qatar Stock Exchange.

While inviting Qatar's business community, the Prime Minister said, "India's 800 million youth are its biggest strength. Infrastructure expansion & upgradation & manufacturing are my other priorities," the MEA spokesman tweeted.

"Our projects for Smart Cities, metros, urban waste management etc are geared towards upgrading quality of life of people," Modi added.

The Prime Minister identified agro processing, railways & solar energy as very promising areas for Qatari investment.
He praised the role of Qatar Emir Sheikh Tamim bin Hamad Thani in promoting business ties between the two countries.
The bilateral trade for the financial year 2014-15 stood at USD 15.67 billion, of which India's exports accounted for nearly USD 1 billion.

The balance of trade is heavily in favour of Qatar.

India is the third largest export destination for Qatar after Japan and South Korea, with LNG being the major item of trade. India is also a major buyer of ethylene, propylene, ammonia, urea and polyethylene from Qatar.

Modi, who is on a five-nation visit, landed in Qatar yesterday from Afghanistan.

Modi will also visit Switzerland, the US and Mexico as part of the tour.

Comments

satyameva jayate
 - 
Tuesday, 7 Jun 2016

after few years he need to sit and see himself all his selfies and enjoy after retirement.............Selfie Khaana.....and a Modi Mandir will be built by the fooled Bhakts soon....with photos of the feku with leaders of the world....ha ha.....

Yes Grab..the opportunity.....it will run away after 3 years....ha ha...
get all what you can..

SHAMSHUDDIN MOHAMMED
 - 
Sunday, 5 Jun 2016

Looks Like Tom and Jerry Picture Tom already Grabbed Fekuji ki hand....

SHAMSHUDDIN MOHAMMED
 - 
Sunday, 5 Jun 2016

Dear Fekuji, Grab Selfie Photo's from whole World 1st .....

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
December 15,2025

Udupi, Dec 15: What was meant to be a post-pilgrimage gathering turned tragic in Padukere village of Brahmavar taluk, Udupi district, late Sunday night, when a clash among youths escalated into a fatal assault, leaving one man dead.

The victim has been identified as 30-year-old Santosh Mogaveera, a resident of Padukere.

According to preliminary information, the incident took place during a late-night drinking party involving a group of local youths who had recently returned after completing their pilgrimage to the Sabarimala shrine. An argument reportedly broke out among the group and soon escalated into a violent confrontation.

During the ensuing brawl, Santosh Mogaveera was allegedly assaulted and collapsed at the spot after sustaining serious injuries. He was rushed by local residents to a private hospital in Brahmavar, where doctors declared him dead.

On receiving information, senior police officials, including Brahmavar Circle Inspector Gopikrishna, Kota Police Sub-Inspector Praveen Kumar T, Station ASI Manthesh Jabagoudar, and head constables Pradeep and Ashok, visited the spot and conducted an inspection.

Police have taken four youths into custody in connection with the incident. A case has been registered at the Kota police station, and further investigation is underway to ascertain the exact sequence of events leading to the death.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
December 7,2025

Mangaluru, Dec 7: A 34-year-old fruit and vegetable trader in Mangaluru has reportedly lost ₹33.1 lakh after falling victim to an online investment scam run through a fake mobile app.

Police said the scam began in September, when the victim received a link on Facebook. Clicking it connected him to a WhatsApp number, where an unidentified person introduced a high-return investment scheme and instructed him to download an app.

To build trust, the fraudster asked him to invest ₹30,000 on September 24. The trader soon received ₹34,000 as “profit,” convincing him the scheme was genuine. Over the next two months, he transferred money in multiple instalments via Google Pay and IMPS to different scanner codes and bank accounts shared by the scammers. Between September 24 and December 3, he ended up sending a total of ₹33.1 lakh.

When he later requested a refund of his investment and promised returns, the scammers demanded additional payments, claiming he needed to pay a “service tax” first. Even after he paid a small amount, no money was returned, and the scammers continued pressuring him for more.

A case has been registered at the CEN Crime Police Station.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
December 15,2025

Mangaluru, Dec 15: Educational institutions in Mangaluru that rely on the popular Mangala Stadium for their annual sports events are bracing for an inconvenience as the city's key sporting venue is set to close its gates for a significant upgrade. The stadium is expected to be unavailable for approximately two months starting from January 15, 2026.

The closure is necessitated by a proposed overhaul of the stadium's facilities, with a special focus on upgrading the synthetic track. Pradeep Dsouza, Assistant Director of the District of Youth Empowerment and Sports (DYES), Dakshina Kannada, confirmed the development.

"Experts have visited the stadium, conducted a thorough inspection, and have given the go-ahead for a complete makeover," Dsouza stated. "Funds have been allocated for the project, and we are currently awaiting the final green signal from state officials to commence the work. We anticipate that the work will likely begin in the second week of January. Consequently, we have stopped renting out the stadium to colleges and other organizations in preparation for the upgrade."

The timing presents a logistical challenge for colleges, as many schools have already concluded their sports meets.

"Colleges will now be organizing their events and will need to find alternative locations to host their sports meets," Dsouza added. He suggested a few potential venues, including the Dakshina Kannada police ground, University College grounds, Panambur grounds, Swaraj Maidan in Moodbidri, and the Mangalore University sports grounds in Konaje.

However, many institutions note that finding a comparable venue will be difficult. While the DK police ground and University College grounds are closer to the city center, they do not possess the extensive facilities and infrastructure offered by Mangala Stadium.

Dr. P Dayananda Pai - P Satisha Govt First Grade College, Carstreet, is one such institution dependent on the stadium. Principal Jayakar Bhandary expressed hope for a swift completion of the work. "We expect the work to be completed at the earliest. If not, we will be forced to look for other venues to host the sports day for our students," Bhandary said, highlighting the pressing need for the city's main sporting facility.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.