ID :
177033
Thu, 04/21/2011 - 11:25
Auther :
Shortlink :
https://oananews.org//node/177033
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Turkish-Indian businessmen sign trade deals worth 1 bln USD
NEW DELHI (A.A) - 21.04.2011 - Turkey's foreign trade minister said on Thursday that Turkish businessmen had signed deals worth 1 billion USD as part of a recent Turkish-Indian business forum meeting in India.
Speaking to reporters during his visit to India, Turkish State Minister Zafer Caglayan said Turkish businessmen had held nearly 250 meetings with 75 Indian firms during the Turkey-India Business Forum.
Caglayan noted that India had gained importance after the latest developments in Gulf countries and North Africa.
Pointing to Turkish exporters' fear to do business with big countries, Caglayan said, "Our exports to all parts of the world reach 114 billion USD, however, we are afraid to conduct trade with the world's biggest importers".
The minister said India's crowded population made the Indian market attractive for Turkey, adding that the country offered remarkable opportunities particularly in construction sector.
"India has announced that it would make a 500 billion USD investment in construction sector. It will build thousands of kilometers of railways and highways. We expect more number of Turkish companies to take part in these projects," he said.
Caglayan said analyses showed that Turkey's exports to India mainly focused on mining, refining, chemistry, paper & carton, metal and machinery sectors.
Commenting on the transportation projects to be implemented in India in the next two years, Caglayan said the country would invest 320 billion USD in its transportation sector in the said period.
Caglayan also noted that Turkey paid more attention to the services sector nowadays, and within such framework, it held talks with Indian film producers to build a film production center like Bollywood or Hollywood in near future.
"India is a good player in services sector. Its service exports reach 79 billion USD, while ours is around 34 billion USD. We will assess the number of people to be employed at the production center in question, as well as the equipment to be used there, the visitors it can attract and its potential contribution to tourism end exports. We are currently carrying out a study on it," the minister said.
Speaking to reporters during his visit to India, Turkish State Minister Zafer Caglayan said Turkish businessmen had held nearly 250 meetings with 75 Indian firms during the Turkey-India Business Forum.
Caglayan noted that India had gained importance after the latest developments in Gulf countries and North Africa.
Pointing to Turkish exporters' fear to do business with big countries, Caglayan said, "Our exports to all parts of the world reach 114 billion USD, however, we are afraid to conduct trade with the world's biggest importers".
The minister said India's crowded population made the Indian market attractive for Turkey, adding that the country offered remarkable opportunities particularly in construction sector.
"India has announced that it would make a 500 billion USD investment in construction sector. It will build thousands of kilometers of railways and highways. We expect more number of Turkish companies to take part in these projects," he said.
Caglayan said analyses showed that Turkey's exports to India mainly focused on mining, refining, chemistry, paper & carton, metal and machinery sectors.
Commenting on the transportation projects to be implemented in India in the next two years, Caglayan said the country would invest 320 billion USD in its transportation sector in the said period.
Caglayan also noted that Turkey paid more attention to the services sector nowadays, and within such framework, it held talks with Indian film producers to build a film production center like Bollywood or Hollywood in near future.
"India is a good player in services sector. Its service exports reach 79 billion USD, while ours is around 34 billion USD. We will assess the number of people to be employed at the production center in question, as well as the equipment to be used there, the visitors it can attract and its potential contribution to tourism end exports. We are currently carrying out a study on it," the minister said.
