Indian Companies Looking To Turkey As Manufacturing Hub

Aug. 3, 2007
Strong trade agreements

At a conference last week in Chennia, India representative of the Turkish Prime Minister's office said that Indian companies that want to capture the European market should use Turkey as an alternative hub of manufacturing, as reported on At the conference, which was organized by the Indian Industry, Chaudhry said that since Turkey was part of the Customs Union with the EU and has trade agreements with 14 other countries it was an ideal location.

The article pointed out that Foreign Direct Investment increased to $20 billion in 2006, from $2 billion in 2003.

Additionally Turkey is planning to build an IT city.

Currently automotive companies use Turkey as an export base.

Popular Sponsored Recommendations

Goodridge Boosts Productivity & Saves Costs by Moving to the Cloud!

Dec. 4, 2023
With Infor's cloud solutions, Goodridge has been able to greatly increase overall productivity, cost savings, data visibility, and automation. This case study discusses the many...

Digitally Transforming Data and Processes With Product Lifecycle Management

Oct. 29, 2023
Manufacturers face increasing challenges in product development as they strive to consistently deliver improved results. Discover how industry leaders are improving time-to-market...

Your Industry 4.0 Journey

Sept. 24, 2023
When It Comes to Industry 4.0, the Journey is the Destination. Industry 4.0 must be embraced as a long-term, strategic mindset of digital transformation that dynamically alters...

What Does Agility Look Like for Today's Auto Industry?

Dec. 4, 2023
Without modern technologies, enterprises aren't able to fully analyze the risks and respond to ongoing supply chain issues and semiconductor shortages.

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!