Saturday, November 3, 2012

Turkey aims to raise the trade volume with India to 10 billion: Ms Ceylan Özen Eriºen

The Federation of Andhra Pradesh Chambers of Commerce & Industry in association with Office Of The Consulate General Of Turkey organized an Seminar on ‘Economy and Business Opportunities in Turkey’ on 16th October 2012 at Federation House, Red Hills, Hyderabad. Ms Ceylan Özen Eriºen, Consul General, Consulate General of Turkey was the Chief Guest for this occasion.

Ms. Fariha Ansari, Advisor, Investment Support & Promotion Agency, Turkey, Mr. Mehmet Ali Sheker, General Secretary, Indo Turkish Business Association, Mr. Srinivas Ayyadevara, Senior Vice President, Mr. Shyam Sunder Pasari, Chairman, International Trade Relations Committee, Mr. M.V. Rajeshwara Rao, Secretary General, FAPCCI where the other speakers. 

Ms Ceylan Özen Eriºen, Consul General, Consulate General of Turkey said that the bilateral trade between India and Turkey was only 505 million dollars in the year 2000, but has reached 6.255 billion dollars in 2011. Turkey aims to raise the trade volume with India to 10 billion dollars within a few years.  In 2011, Turkey’s exports to India totaled only 756 million dollars whereas India's exports to Turkey were worth 6.5 billion dollars.  India’s exports to Turkey include petroleum products, vaccines, cotton yarn, synthetic yarn, organic dyes, organic chemicals, denim, steel, granite, antibiotics, carpets, tobacco, cars, sesame seed, TV cathode ray tubes, mobile handsets, clothing and apparel, tractors, aluminium, polypropylene. Turkey’s exports to India include poppy seeds, auto components, marble, textile machinery, denim, carpets, cumin seeds, copper ores and concentrates, flat rolled iron and steel and gold, silver, inorganic chemicals, jewelery.

Mr. Srinivas Ayyadevara explained the business opportunities in the State and he said that the Investment opportunities are abundant specifically in the manufacturing sector which includes food processing, floriculture, agro processing, petrochemicals, metals, textiles, leather, mining, transport equipment, telecom and so on.  The infrastructure sector is rife with opportunities, be it the areas of power, ports, roads, bridges, telecom facilities, development of coasts, waterways… Financial services, R&D and Tourism, particularly medical tourism, offer plenty of scope for investment.  I request the visiting dignitaries to kindly impress upon the Turkish Businessmen and invite them to our State for exploring the business opportunities.

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