The President of India Pranab Mukherjee recently received His Excellency Recep Tayyip Erdogan, the President of the Republic of Turkey and Mrs. Emine Erdogan at Rashtrapati Bhavan. He also hosted a banquet in their honour.

The President said today, as two emerging economies in a globalised world, we both seek to enhance our economic co-operation to avail the current opportunities and build on our complementarities for our mutual benefit.

India's recent economic reforms and flagship initiatives have made us an attractive business destination. India welcomes Turkish companies to invest in India - especially in the infrastructure sector where they have exceptional expertise. Equally, we encourage Indian companies to explore prospects in Turkey.

Earlier, welcoming the President of Turkey on his first State Visit to India, the President recalled his visit to Turkey in October 2013. The President expressed confidence that President Erdogan's State Visit will impart new impetus to bilateral co-operation between India and Turkey.

The President said he was happy to note that the bilateral trade turnover between India and Turkey has grown manifold during the last ten years. Presently it is at the level of about US$ 5 billion. However, the potential is much more. Our business community and investors on both sides should actively work together to avail the current opportunities.

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