India - Turkey Business and Cultural Council

Turkey, a transcontinental country straddling Eastern Europe and Western Asia, boasts rich history, diverse culture, and stunning landscapes. It’s known for its historic sites like Istanbul, the unique architecture of Cappadocia, and its vibrant cuisine.

Ambassador and Consul General

Global India Business Forum presented honorary membership to Mrs. Aysun Timur Commercial Counsellor, Turkey Embassy in New Delhi. The GIBF team had a fruitful discussion to collaborate with Turkish to explore different business opportunities and trade between two countries. Global President of GIBF, Dr. Jitendra Joshi and Co-Founder & Director - Global Operations, Deepali Gadkari attended the meeting.

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Cars, Vehicle parts, Delivery trucks, Gold, and Refined petroleum

Gold,Cars, Refined Petroleum Scrap iron and Vehicle parts

About Turkey

ABOUT Turkey

Turkey, country that occupies a unique geographic position, lying partly in Asia and partly in Europe. Throughout its history it has acted as both a barrier and a bridge between the two continents.
Exploring Turkey's rich history and cultural heritage Overview of Turkey. See all videos for this article. The country has a north-south extent that ranges from about 300 to 400 miles (480 to 640 km), and it stretches about 1,000 miles from west to east. Turkey is bounded on the north by the Black Sea, on the northeast by Georgia and Armenia, on the east by Azerbaijan and Iran, on the southeast by Iraq and Syria, on the southwest and west by the Mediterranean Sea and the Aegean Sea, and on the northwest by Greece and Bulgaria. The capital is Ankara, and its largest city and seaport is Istanbul.

Business Opportunities in Turkey

BUSINESS OPPORTUNITIES IN Turkey

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.
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.

Exports and Imports In Turkey

In May 2024 Turkey exported $22B and imported $28.9B, resulting in a negative trade balance of $6.91B. Between May 2023 and May 2024 the exports of Turkey have increased by $2.46B (12.6%) from $19.6B to $22B, while imports decreased by $-2.78B (-8.76%) from $31.7B to $28.9B.

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Top Exports of Turkey

In May 2024, the top exports of Turkey were Cars, tractors, trucks & parts thereof. ($2.75B), Machinery, mechanical appliances, & parts ($2.13B), Precious stones, metals, & pearls ($1.33B), Electrical machinery and electronics ($1.26B), and Mineral fuels, mineral oils and products... ($1.12B).

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Top Imports of Turkey

In May 2024 the top imports of Turkey were Mineral fuels, mineral oils and products... ($4.84B), Machinery, mechanical appliances, & parts ($3.43B), Cars, tractors, trucks & parts thereof. ($2.7B), Electrical machinery and electronics ($2.26B), and Precious stones, metals, & pearls ($2.18B).

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