leaders met after 5 years
The meeting of Turkish President Erdogan and PM Modi was not pre-arranged. There was a lot of emphasis on this meeting from the Turkish authorities. After the meeting, PM Modi said that the main point of the talks was the economic relations of the two countries. On Twitter, PM Modi wrote, ‘Met with Turkish President Recep Tayyip Erdogan and discussed a wide range of issues related to bilateral relations, including discussions on deep economic ties between India and Turkey.’ Also from the Ministry of External Affairs. Information was given on this. The ministry also said that the economic ties between the two countries have increased over the years and both sides have understood this.
PM Modi and Erdogan last met in the year 2017. Relations between India and Turkey have deteriorated in the last few years. In the year 2019, when India removed Article 370 from Kashmir, Turkey supported Pakistan’s stand. Not only this, this country is seen standing with Pakistan on many issues. In such a situation, questions often arise on the intention of Turkey. Apart from this, when there were riots in Delhi in February 2020, then Turkish President Erdogan had termed it as a genocide of Muslims in India. Then why did Erdogan want to meet PM Modi?
how much is the business
Diplomatic relations between India and Turkey started in 1948. The first Prime Minister was Jawaharlal Nehru who visited this country. In 2003, the then PM Atal Bihari Vajpayee went on a visit to Turkey. No Indian PM has visited this country for 19 years. In 2008, when Erdogan was the Prime Minister of the country, he came on his first visit to India. After this, when he was the President of the country in the year 2017, he again visited India.
How much trade and import-export
India and Turkey have strong economic ties and started in 1973. At that time both the countries had signed a bilateral trade agreement. After this, in the year 1983, India-Turkey signed a joint agreement for economic and technical cooperation, which is known as JCETC. Trade between India and Turkey reached $ 19.70 billion in the year 2020-2021 and this is a history in itself.
Turkey exports mineral oils, mineral fuels, chemicals and dyes, handmade fibers and cotton, cotton yarn and textiles from India to Turkey. Turkey, on the other hand, exports machinery, construction materials such as stones, plastering materials, iron and steel, oil seeds, iron ore, inorganic chemicals, precious stones and fresh apples to India.
Many Indian companies like TAFE, Mahindra, Sonalika, Tata, Jindal, Indo-Rama, Birla Cellulose, Punj Lloyd etc. have invested around $125 million in this country. At the same time, Turkey’s investment in India is about $ 2.23 million. Apart from these, about 180 Indian students are studying in Turkey. Turkish airlines operate daily from Istanbul to New Delhi and Mumbai.
big deal for navy
In February 2021, a deal has been signed between the two countries between 1.5 to two billion dollars. In this deal for the Indian Navy, India will prepare five such support ships for the Navy through technology transfer from Andalu Shipyard in Turkey, which will help in the fuel and other supplies for the warships. This deal between Andalu Shipyard and Visakhapatnam-based Hindustan Shipyard Limited is being said to be very important. Under this deal, one ship will be delivered to the Navy every 10 to 12 months. These ships will be 230 meters long and weigh 45000 tons.