Qatar’s desire to invest in India from its Sovereign Wealth Fund was one of the many casualties. Almost eight years later, the visit of Prime Minister Narendra Modi to Qatar in June 2016, revived the momentum. Other Indian banks have limited operations under the Qatar Financial Centre or private exchange houses in Qatar. Qatar also rejects sectarianism and wants to engage with Iran, much to the discomfiture of Saudi Arabia, Prof Pradhan added. Prof Pradhan said the crisis in the Middle East would not impact India adversely, and Prime Minister Modi’s “Gulf policy is on very solid ground”.

Source: Indian Express June 05, 2017 19:35 UTC