Dubai, June 1 (PTI) State Bank of India seeks to explore project financing opportunities in Qatar as the country scales up infrastructure spending and launches several projects across various sectors, a newspaper report has said.
India's largest bank has also set its eyes on providing trade finance to Indian companies, thereby facilitating a quantitative jump in Qatar?India bilateral trade, the Gulf Times report said.
SBI Corporate Banking Group Managing Director Hemant G Contractor is visiting Qatar and is scheduled to meet leading Qatari officials.
India is now one of Qatar's largest trading partners as a major consumer of Qatar's liquefied natural gas, crude and petrochemical products.
The Doha visit of Hemant G Contractor follows the approval from the Qatar Financial Centre Regulatory Authority for SBI to open a Category?I bank branch at the Qatar Financial Centre.