NSE, Qatar Exchange hold discussion to boost ties

NSE, Qatar Exchange hold discussion to boost ties Dubai: National Stock Exchange (NSE) CEO Ravi Narain on Wednesday said hurdles should be removed for greater cooperation between the region's markets and the Indian stock market.

He called for mechanisms to facilitate investment opportunities between the two exchanges.

A delegation, headed by Narain, met senior officials of Qatar Exchange here to enhance cooperation between the two exchanges.

According to a statement by Qatar Exchange (QE), Narain met Rashid Bin Ali Al-Mansoori, Deputy CEO of QE, and several department directors.

Al-Mansoori briefed the delegation on QE's aims to transform the exchange from a local and regional exchange into a world class exchange.

He said QE is constantly making efforts to be in line with the largest and most advanced exchanges in the world through developing legislative framework to provide different investors with diversified investment tools.

Narain, on his part, briefed the QE management on the traded investment tools in the NSE and the facilities offered to foreign investors.

He said his ongoing tour to the gulf region is aimed at identifying the difficulties in foreign investments in the NSE and then conveying the same to the Indian decision makers for overcoming them.

He expressed confidence that the strong bilateral relations will also open new areas of business opportunities for the market participants both in Qatar and India.