In the pursuit of enhancing bilateral relations between the State of Qatar and the Republic of India, His Highness Sheikh Tamim bin Hamad Al Thani, Emir of the State of Qatar, held an official meeting with the Indian Prime Minister, Narendra Modi in the Indian capital, New Delhi. His Highness looked forward to this visit contributing to enhancing cooperation between the two countries and expanding it into broader horizons in various shared strategic fields.

His Highness the Emir of the State of Qatar, Sheikh Tamim bin Hamad Al Thani, emphasized that India is one of Qatar’s prominent economic partners, expressing his happiness at visiting India for the second time. His Highness also clarified that the visit aims to strengthen bilateral relations and increase trade exchanges to serve the mutual interests of both countries. The discussions also covered boosting cooperation in the fields of economy, investment, and energy, as well as addressing several regional and international issues of common interest.

In an important step towards enhancing economic and trade cooperation, the State of Qatar, represented by His Excellency Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, the Prime Minister and Minister of Foreign Affairs, and the Republic of India represented by Her Excellency Nirmala Sitharaman, Minister of Finance, signed an agreement to avoid double taxation and prevent tax evasion concerning income taxes. The agreement aims to eliminate double taxation between the two countries, thereby promoting the movement of capital and stimulating trade exchanges. It also contributes to opening new opportunities for joint investment between individuals and companies by organizing a tax enforcement mechanism and providing incentives to avoid double taxation.

The agreement includes provisions related to tax transactions in several areas, including maritime and air transport, joint ventures, as well as dividends, interest, royalties, and technical service fees. It also aims to enhance tax transparency at both international and local levels through the exchange of information for tax purposes, which contributes to preventing tax evasion and strengthening cooperation between the two countries.

This agreement marks a significant advancement in enhancing the economic ties between the State of Qatar and the Republic of India, demonstrating Qatar's commitment to fostering global investment trends. The State of Qatar has already entered into similar agreements with both allied and friendly nations and is actively in talks with other countries to establish similar agreements in this area.