Turkey for India investments in energy, infra
Turkey invites Indian companies to partner in sugar, energy and petrochemicals sectors.
By PTI |
NEW DELHI: With sugar, energy and petrochemicals sectors to be privatised soon in Turkey, the country on Wednesday invited Indian companies to work in partnership, taking advantage of its favourable investment environment.
"The sugar, energy and petro chemicals sectors in Turkey will be privatised in another 12-18 months and this will give ample opportunity to foreign firms to work in partnership with Turkish companies in these sectors," Investment Support and Promotion Agency of the Republic President and CEO Alpaslan Korkmaz said at a CII conference here.
He said Turkey is enhancing the role of private sector in its economy by opening key markets to competition and regulation by independent agencies.
Once the privatisation is complete, Indian companies can form joint ventures with Turkish firms to expand their market in Turkey, besides gaining access to other global markets, he said.
"Improved investment environment and accelerated privatisation in Turkey will provide Indian companies an access to the EU, Central and Eastern Asian markets," he said.
Growing domestic market, institutionalised economy, qualified and cost effective labour are favourable to Indian companies investing in Turkey, especially in areas like infrastructure, IT, energy, food processing and manufacturing, he added.
Korkmaz said FDI in Turkey is set to be 30 billion dollars for 2007. Citing the example of Indian developer GMR bagging an about Rs 11,000-crore project to modernise Istanbul's second airport, Korkmaz said more Indian firms should emulate such a move and expand presence in the country.
"The sugar, energy and petro chemicals sectors in Turkey will be privatised in another 12-18 months and this will give ample opportunity to foreign firms to work in partnership with Turkish companies in these sectors," Investment Support and Promotion Agency of the Republic President and CEO Alpaslan Korkmaz said at a CII conference here.
He said Turkey is enhancing the role of private sector in its economy by opening key markets to competition and regulation by independent agencies.
Once the privatisation is complete, Indian companies can form joint ventures with Turkish firms to expand their market in Turkey, besides gaining access to other global markets, he said.
"Improved investment environment and accelerated privatisation in Turkey will provide Indian companies an access to the EU, Central and Eastern Asian markets," he said.
Growing domestic market, institutionalised economy, qualified and cost effective labour are favourable to Indian companies investing in Turkey, especially in areas like infrastructure, IT, energy, food processing and manufacturing, he added.
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Korkmaz said FDI in Turkey is set to be 30 billion dollars for 2007. Citing the example of Indian developer GMR bagging an about Rs 11,000-crore project to modernise Istanbul's second airport, Korkmaz said more Indian firms should emulate such a move and expand presence in the country.
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