Qatar Investment Authority, the Gulf state's sovereign wealth fund, is looking to invest up to $10 billion in India every year, according to its executive director Hussain Al Abdulla.
The authority, whose investment portfolio includes iconic brands like Harrods, Sainsbury, Volkswagen, LVMH and Porsche, had invested $29 billion globally last year. "I am interested in anything that is consumer focus and that yields profits," said Abdulla, who is in India as part of the delegation accompanying Qatar's Emir, Sheikh Hamad bin Khalifa al-Thani.
Outside Qatar, the authority has opened offices only in Paris, China and India. This Abdulla said reflected the weightage his company gave to India as an investment destination.
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