Intellectual Thoughts by Sanjay Panda: Boycott Turkey’ trends online as anger grows in India over Ankara’s stance on Pakistan. Here is snapshot of Turkey's business in India


Boycott Turkey’ trends online as anger grows in India over Ankara’s stance on Pakistan. Here is snapshot of Turkey's business in India

 


Indians have called for boycotting travel to Turkey and Azerbaijan, which have seen a growing interest as tourist spots in recent years.

After the Indian Army revealed that Pakistan sent Turkish-made drones  mostly  delivered overnight  in the midst of the conflict the anger towards Ankara in India has increased, with even politicians supporting the idea of a ban on Turkish goods.

 

Here  is snapshot of Economic Relations and  Turkey’s business in India

Indian companies India have invested about US$ 126 million in Türkiye (as per Central Bank of Türkiye data) and Turkish investment in India is approximately US$ 210.47 million (as per Department for Promotion of Industry and Internal Trade, India). 

Turkish companies operating in India include :

  • Koç Holding (consumer durables),
  • Arcelik A.S (home appliances),
  • Doğuş Holding
  • Doğuş Construction (construction),
  • Limak Holding (construction),
  • Fernas (construction)
  • Sarar (Turkish menswear)
  • Soktas (fabric company now acquired by Grasim Industries Ltd)
  • Çelebi Holding (aviation services)  :  This is major area of concern   as its being  reported The current president, Erdoğan, and his inner circle have been linked to various business dealings and political influence in Turkey, and Çelebi's business activities have been scrutinized in this context  and they  are operating  in our Airports which should be a security concern.
  • Orhan Holding (automotive supplier)
  • Hidromas (hydraulic products – owned by Netherland-based HMS Global), etc

No comments: