Home / Knowledge / News / Textiles / Improve bi-lateral trade with Turkey - Shri Kamal Nath
Improve bi-lateral trade with Turkey - Shri Kamal Nath
19
Mar '08
Shri Kamal Nath, Union Minister of Commerce and Industry, has invited the Turkish Companies to explore the Indian markets and make investments, especially in the infrastructure sector as it has the promise of sustained high levels of returns, and added that Indian companies are also committed to make investments in Turkey.

This he said during the bilateral meeting with Mr. Kursad Tuzmen, Turkish State Minister for Foreign Trade. Both sides agreed that India and Turkey could collaborate in R&D and their commercial spin-offs in the fields of bio-technology, nano-technology and information technology.

The meeting was attended by Shri Ajay Shanker, Secretary (Industrial Policy & Promotion); Shri G.K. Pillai, Commerce Secretary and senior officials from the Ministry of Commerce and Industry and representatives from the industry.

Indian investments in Turkey are in diverse sectors viz., railway construction, electricity transmission, pipelines, consultancy services for earthquake emergency, hydro-carbon, CNG conversion and IT services.

Turkish investments in India are in sectors of tourism & travel, home textile products, construction/maintenance of roads etc.

During the discussions, both sides agreed to strengthen the bilateral trade relationship particularly in the small & medium enterprises (SME) sector.

Shri Kamal Nath stated that Indo-Turkish trade is now on the upswing and the bilateral trade has grown from US $ 1193million in 2005-06 to US $ 1653 million during 2006-07.

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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
January 2017

January 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