The President said that during the talks the adverse Turkish balance of trade with India was noted and it was agreed to work on means of addressing it, including through enhanced investments in India by Turkish companies and tourism exchanges.
“In this context, I briefed the Turkish leadership about our ambitious plans to invest about one trillion US dollars in infrastructure over the next five years and invited Turkish companies, which have great strengths in these areas, to participate in these projects.
Indian and Turkish companies could also explore joint venture opportunities in third countries.
IT was identified as a promising area for this,” he said.
During his banquet speech last night, the President had said “as two emerging economies with congruent interests in several cross cutting areas, we should aim to reap the benefits of closer interaction.
Our developing societies can engage across sectors; we are looking forward to enhancing academic exchanges and people to people contact.
“Being members of the G-20, we interact closely on issues affecting the global community. We are at historical cross roads; the decisions we take today will influence the future of this relationship.”
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