Turkey has customs union with the European Union and thus acts as an export gateway to the EU. To promote trade and investment between India and Turkey, the Turkish Indian Chamber of Commerce & Industry (TICCI) has opened an office in Kolkata. TICCI has also signed a MoU with Assocam to broaden the business horizon for the two countries
TICCI President Ersin Karaoglan said that the chamber is focusing on automotive spares as well as tourism and education for bilateral business cooperation.
He felt the developed Turkish tourism industry could partner Indian counterpart in developing travel infrastructure here. On the other hand, Indian skill and infrastructure pool in education might be utilized by Turkish students and professionals.
Turkish business community has found out opportunities in auto component manufacturing in Tamil Nadu. This could further be extended to other areas of the country..
Trade between India and Turkey also include products such as tea, textiles, leather and jute. The two countries also have possibilities of increasing businesses in the areas of infrastructure building and construction materials such as marbles, tiles and sanitary wares.
As many as 150 Indian companies, including those from Aditya Birla, Tatas, Mahindras and Mukesh Ambani groups, are present in Turkey.
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