Qatar to invest $2 billion in India

DUBAI: Stating that New Delhi is a "key partner" of the Gulf Cooperation Council and that 'cash-rich' countries were now "increasingly looking towards India", Qatar has said it will invest a whopping $ 2 billion in the country.

Qatar, which has the highest per capita income in the Arab region, has plans to invest $2 billion in India in infrastructure and other promising sectors, secretary-general of the GCC Chambers, Abdulraheem Naqi said.

India was a key trade partner of the GCC and that cash-rich countries were now increasingly looking towards India to park their investments, Naqi was quoted as saying by 'The Peninsula' newspaper.

"The trend has changed after 9/11. We are looking more towards China, India and Malaysia to make investments," he said.

"These are the three most important nations in Asia that the GCC countries are now keen to invest in, and not in the West anymore," Naqi said.