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VP Naidu launches ‘start-up bridge’ to connect ecosystems of two economies

New Delhi: Vice President M Venkaiah Naidu on Sunday launched the India-Qatar ‘Startup Bridge’, a joint venture aimed at connecting the two countries’ startup ecosystems and boosting their economies, news agency PTI reported. The venture was launched when Vice President Naidu addressed members of the business community at the India-Qatar Business Forum in Doha. According to reports, Naidu had reached Doha on the final leg of his three-country tour from May 30 to June 7.

Apart from launching the joint initiative, the vice president also spoke about the strength of Indo-Qatari ties and called for building an environment that would help forge more mutual benefits, said a tweet from his secretariat.

The Ministry of External Affairs said it hopes the Forum, jointly organized by FICCI, CII and ASSOCHAM, together with the Qatar Chamber of Commerce and Industry, will open up new opportunities for trade and mutual investment.

It should be noted that Invest India and the Qatar Investment Promotion Agency have entered into an agreement to promote bilateral investment between the two countries, according to a press release from the MEA.

Notably, the Vice President’s visit to Qatar comes at a time when both sides are preparing to mark the 50th anniversary of the establishment of diplomatic relations.

Naidu met with Qatar’s Prime Minister and Interior Minister Sheikh Khalid bin Khalifa bin Abdulaziz Al Thani in Doha on Sunday, where the two leaders reviewed the growing bilateral relations between the two countries in areas such as trade. , investment, economic and security cooperation.

The Vice President also reiterated the importance India attaches to friendly relations with Qatar and the commitment to enhance multifaceted bilateral cooperation in areas such as trade, investment, energy, defence, food security, culture, education, technology, health, media and person-to-person contacts.