Mumbai: Turkey is looking at a free trade agreement with India as it plans to enhance the bilateral trade to $10 billion annually by 2012, Turkish Minister for Foreign Trade Kursad Tuzmen has said. Tuzmen also wanted more flights between India and Turkey in the face of growing bilateral economic cooperation. The two-way trade of Turkey was around $800 billion as against India''s $600 billion annually. While Turkey''s trade deficit was around $80 billion, India''s was around $60 billion. Indian companies are committed to invest in Turkey as it is among the 11 countries listed by investment bankers for growth potential.
Turkish businessmen are looking at alliances with their Indian counterparts in the areas of energy, mining, biotechnology, medicine, IT and railways, the source said at an Indo-Turkish Business Association meet. The country is also keen to broaden their activities in the Indian market by investing in different potential sectors like food and food processing, textile, plastics, chemicals, machinery, construction material as well as infrastructure projects.
Turkish businessmen are looking at alliances with their Indian counterparts in the areas of energy, mining, biotechnology, medicine, IT and railways, the source said at an Indo-Turkish Business Association meet. The country is also keen to broaden their activities in the Indian market by investing in different potential sectors like food and food processing, textile, plastics, chemicals, machinery, construction material as well as infrastructure projects.
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