Govt seeks investment from Turkey
Govt on Tuesday sought investment from Turkish firms in building infrastructure, including railways, gas pipelines and electricity transmission.
Commerce and Industry Minister Kamal Nath and visiting Turkish State Minister for Foreign Trade Kursad Tuzmen reviewed the potential for further increasing bilateral trade, which has gone up from 1.19 billion dollars in 2005-06 to 1.65 billion dollars in 2006-07.
The meeting, also attended by senior officials from both the sides, discussed ways for India and Turkey to collaborate in research and development and commercial spin-offs in biotechnology, nano-technology and information technology.
India's exports to Turkey largely comprise man-made yarn fabrics, transport equipment, cotton yarn, fabrics, drugs and pharmaceuticals and plastic and linoleum products.
The main imports from Turkey are petroleum, crude products, machinery except electrical and electronics, inorganic chemicals and spices.
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