Home / Knowledge / News / Shri Anand Sharma addresses India-Turkey JCETC
Shri Anand Sharma addresses India-Turkey JCETC
09
Sep '09
Shri Anand Sharma, Union Minister for Commerce and Industry, is currently visiting Turkey to hold the 9th session of India-Turkey Joint Committee on Economic and Technical Cooperation (JCETC). During his visit, he signed the Agreed Minutes of the above meeting. Speaking on the occasion, Shri Anand Sharma said that India and Turkey can have strategic partnership for making inroads into third countries for trading goods, projects and investments. He further added that both countries identified many new areas of cooperation such as contracting and consultancy, tourism, science & technology, energy, transportation and leather.

The Minister informed about the decision of the Indian government to form a Joint Study Group to comprehensively study various aspects of bilateral trade, both in goods & services, and investments and also to explore the possibility of entering into negotiations for a Free Trade Agreement between India and Turkey. During the visit of Turkish Prime Minister Erdogan to India in November 2008, it was declared that both sides will consider the establishment of the Joint Study Group.

Shri Sharma also held separate meetings with Mr. Zafer Caglayan, State Minister for Foreign Trade of Turkey, Mr. Nihat Ergun, Minister of Industry and Trade, Mr. Taner Yildiz, Minister of Energy and Natural Resources and Mr. Mehmet Aydin, State Minister in charge for Science, Technology and Information, as well as co-Chairman of JCETC from the Turkish side.

FICCI with Union of Chambers and Commodity Exchanges of Turkey (TOBB) and Ankara Chamber of Industry jointly organized India Turkey Business Cooperation Meeting at TOBB Economic and Technical University which was jointly addressed by Shri Anand Sharma and Mr. Mehmet Aydin on September 7, 2009.

Indian companies such as GMR, Polyplex, Dhanus Technologies, Indian Oil Corporation Ltd, TATA, Mahindra and Mahindra, CRI Pumps etc have made significant investments in Turkey. Turkish companies are also investing in India, particularly in sectors such as highways, tourism and textiles. Both countries agreed to exchange delegations focused on investment to give further boost to bilateral economic relations.

India-Turkey bilateral trade, which has reached a level of US $ 3.4 billion during 2007-08, increased fivefold in the last five years. Indian exports to Turkey mainly consist of cotton yarn, fabrics and made-ups, man-made yarn and fabrics, machinery, drugs & pharmaceuticals, transport equipment, chemicals and fine chemicals. Indian imports from Turkey largely consist of machinery, iron & steel, metalifers, ores and metal scrap, inorganic and organic chemicals, etc.

Press Information Bureau

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search