Qatar to invest $2 billion in India

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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.