Global India business forum presented honorary membership to Mrs. Aysun TIMUR Commercial Counsellor, Turkish Embassy in New Delhi. We had a fruitful discussion to collaborate GIBF and Turkish to explore different business opportunities and trade between two countries. Global President- GIBF Dr. Jitendra Joshi and Director - Global Operations Deepali Gadkari attend the meeting

Exports :

Imports :

Turkey is the sixth largest economy in the European region and sixteenth largest globally. The country has opportunities for further growth, including oil and gas, construction, information technology, automotive, energy, natural stone mining, etc. 

Following are some of the sectors that could be lucrative for foreign investors -

OCTG Technicians 

Private natural gas trade and distribution companies are becoming more active and functional. Investing in these natural resource projects can help one gain huge ROIs. One can also become an OCTG technician.

Construction 

Building energy-efficient and environment-friendly living spaces and conventional construction with modern tools and technology can be a profitable investment. 

Information Technology

The Turkish IT is not very developed. Hence, there is a big opportunity to invest in information technology. 

Automotive

The automotive sector has been growing tremendously since early 2000. The potential for automotive factories and local automotive spare part production is huge. 

Tourism<

Between July 2021 and July 2022, the exports of Turkey have increased by $1.43B (9.16%) from $15.6B to $17B, while imports increased by $6.77B (34.1%) from $19.8B to $26.6B. Exports from Turkey rose 2.8 percent from a year earlier to USD 21.3 billion in October of 2022, preliminary estimates from the Trade Ministry showed. Considering the January to October period of 2022, shipments increased by 15.4% to USD 209.5 billion.

Machinery and transport equipment, electrical machinery, apparatus and appliances, manufactured goods, iron and steel and manufactures of metals, miscellaneous manufactured articles, food and live animals, chemicals and related products, and gold.

Machinery and transport equipment, electrical machinery, apparatus and appliances, manufactured goods, iron and steel, mineral fuels, lubricants and related materials, chemicals and related products, plastics, gold, crude materials, inedible, except fuels, miscellaneous manufactured articles, and food and live animals.