Turkish-Indian Chambers of Commerce and Industry (TICCI) launched to promote trade


Date posted: March 20, 2015

By Abdul Bari Masoud, MM,

New Delhi: In a bid to give new fillip to trade between India and Turkey, a new chamber for commerce named as the Turkish Indian-Chambers of Commerce and Industry (TICCI) was launched at a well-attended ceremony of business leaders and industrialists here on Tuesday evening. It aims to promote commercial and trade links between both the countries by creating more networking and collaboration opportunities.

The new chamber is under the umbrella of TUSKON (Turkiye Industrialists and Businessmen Confederation) which is the largest non-governmental business network with seven business federations, 211 businessmen associations, and 55000 entrepreneurs in Turkey. It has six branch offices under TUSKON name and has partner organizations in 140 countries.

India and Turkey being the rapidly emerging economies of the world have enormous opportunities and potentials but these to be tapped. Both are also G-20 members and currently their volume of trade is estimated $6 billion. With 80 per cent export share, the balance of trade is heavily tilted in India’s favour. However, Turkey is much to offer for India’s burgeoning economy in infrastructure, automotive industry, renewable energy and investments and construction sectors.

Underlining the importance of encouraging bilateral commerce and joint ventures, TICCI president Ersin Karaoglan said Turkey is the East of the West and west of the East as its geopolitical value; the land had been the melting pot of the civilizations, cultures, traditions, faiths and tribes.

In his inaugural speech, Karaoglan threw light on business activities in Turkey adding that TICCI is representing Tuskon in India with six branches in Bangalore, Chennai, New Delhi, Hyderabad, Kolkata and Mumbai. He also offered that TICCI will also promote the “Make In India” campaign to attract Turkish companies to INVEST in Indian manufacturing. Construction, medical tourism, infrastructure and automotive parts business are some of the areas that hold potential for joint ventures between Turkish and Indian companies, he added. Being the member of EUs customs union and a candidate for membership to EU, Turkey plays a crucial role for the foreign countries to invest

Speaking on the occasion, Federation of Indian Chambers of Commerce and Industry (FICCI) president Jyotsna Suri suggested that Turkish and Indian businessmen can explore more investment opportunities in each other’s countries. She hoped that rising travel will facilitate further trade growth.

While Associated Chambers of Commerce and Industry of India (Assocham) secretary General D.S. Rawat stated that both the countries have tremendous potential to develop relations across all fields, including social and cultural. He said Assocham will have a dedicated desk to focus on business with Turkey.

More than 150 Indian companies have registered businesses in Turkey in the form of joint ventures, trade and representative offices including Polyplex, GMR Infrastructure, Tata Motors, Mahindra & Mahindra, Reliance, Ispat, Aditya Birla Group, Tractors and Farm Equipment Ltd, Jain Irrigation, Wipro and Dabur.

In India, Turkish companies such as Limak Construction, Fernas, Sarar, Soktas and Izopoli-Kingspan, and Hidromas are doing business.

It is worthy to be mentioned that Turkish contracting companies had finished 7500 projects outside of the country in last 40 years with a volume of $265 bn. Not only in contracting but also in manufacturing the construction materials, Turkey is ranked in top 12 countries of the world, mainly marble, mosaic, cement, steel and iron and also sanitary products are the items.

PHD Chamber of Commerce and Industry president Alok B. Shriram, former Indian ambassador and National Foundation for Communal Harmony secretary Ashok Sajjanhar, Arya Samaj president Swami Agnivesh, UN Information Center director Kiran Mehra, BJP leader Vijay Jolly, and TICCI vice president Mehmet Ali Seker also spoke on the occasion.

At the end, a dance troupe from Turkey has enthralled the audience by performing the whirling dervish dance.

Source: Muslim Mirror , March 12, 2015

Tags: | | |


Related News

Clash of the Anatolian Tigers

Gulen-associated businesses inside Turkey have already been “punished.” Several pundits have told Al-Monitor they do not expect TUSKON-related businesses, particularly Asia Bank, to survive another year.

TUSKON-led trade volume reaches $30 billion

The trade bridges created at these meetings have led TUSKON to generate a trade volume of $30 billion so far. Unlike some similar initiatives, TUSKON doesn’t neglect small and medium-sized enterprises. TUSKON’s first priority at trade bridge events is to encourage local entrepreneurs to open up to the world. This choice is a strategic move to diversity markets. In parallel with Turkey’s foreign trade policies, TUSKON has created bridges with a number of trade blocs in Africa, Latin America and Europe and the Eurasia and Pacific regions.

President Zuma sends message to the South African – Turkish Business Association Business Awards

President Jacob Zuma has urged the Turkish business people to partner with the Chambers of Commerce in South Africa to help develop small businesses, transfer skills and create black industrialists.

Elvan Foods: Our exports extended to 130 countries thanks to Turkish Schools

Hidayet Kadiroglu, the CEO of Elvan Food, one of the major companies in the chocolate and candy industry said that their exports extended to 130 countries thanks to the Turkish schools all over the world. Kadiroglu stated that they were able to establish factories in first Azerbaijan and then Egypt; they had the opportunity to stretch out to Asian and African markets.

Upholding of Yıldırım’s conviction; another case of ‘significant timing’

Nowadays, Erdoğan is leading a defamation campaign to black out the truth and to distort the facts through the discourses of ‘parallel state,’ ‘there is no corruption; but a coup’ and ‘international conspiracy’.” Çandar then quoted Yıldırım responding to a question asking if he thinks that the Hizmet movement is behind the case against Fenerbahçe, in an interview he recently gave to the Wall Street Journal (WSJ), saying: “This is not what I think. This is what the prime minister of the Turkish Republic thinks.”

Turkish Businesses Snagged In Government’s Post-Coup Crackdown

Most of the companies taken over by the government also deny any role or connection to Gulen. But they’ve had their assets seized and employees fired. The economist Yesilada predicts the government will have to sell off these businesses. That’s likely to trigger lawsuits that could last years.

Latest News

Fethullah Gulen – man of education, peace and dialogue – passes away

Fethullah Gülen’s Condolence Message for South African Human Rights Defender Archbishop Desmond Tutu

Hizmet Movement Declares Core Values with Unified Voice

Ankara systematically tortures supporters of Gülen movement, Kurds, Turkey Tribunal rapporteurs say

Erdogan possessed by Pharaoh, Herod, Hitler spirits?

Devious Use of International Organizations to Persecute Dissidents Abroad: The Erdogan Case

A “Controlled Coup”: Erdogan’s Contribution to the Autocrats’ Playbook

Why is Turkey’s Erdogan persecuting the Gulen movement?

Purge-victim man sent back to prison over Gulen links despite stage 4 cancer diagnosis

In Case You Missed It

Dozens take to Parliament Hill to protest Turkish human rights violations

Editorial: Expulsion of Turk Teachers from Pakistan

Our three-month ordeal in Turkey’s maximum prison -Nigerian students detained over coup saga

German translation of Gulen’s book at Frankfurt Book Fair

A Case Study In How Lobbyists For Turkish Government Manipulate The American Media on Gulen Issue

Pro-Gov’t Columnist Suggests Setting Turkey’s Silivri Prison Ablaze To Kill Inmates From Gülen Movement

Think Twice on Turkey: Erdogan’s Purges Are a Warning to Washington

Copyright 2025 Hizmet News