Modi govt takes BIG action against Turkey for supporting Pakistan; India to review deals with Turkish firms worth Rs…
Post Operation Sindoor, the Modi government has put all business agreements with Turkish firms under the scanner, and these deals are being reassessed. India-Turkey trade stood at $10.4 billion during FY24.
Turkey, in conjunction with China, had been amongst the few international locations that openly supported Pakistan throughout its contemporary battle with India, a switch that has pressured New Delhi to rethink its future engagements with Ankara on assorted matters, including commerce and diplomatic ties. In accordance to a media file, High Minister Narendra Modi-led Central govt is re-assessing offers signed with Turkish companies in sectors starting from car to IT, metro rail to tunnels.
Provides signed with Turkish companies below scanner
As per a file by News18, post Operation Sindoor, the Modi govt has keep all business agreements with Turkish companies below the scanner, and these offers are being reassessed, that may well lead to hundreds of them being terminated.
“All projects spirited Turkish companies are below scrutiny, govt is re-assessing all ties including these which ended,” the file quoted an legit as pronouncing, wishing to be nameless. The legit published that the government is within the intervening time gathering and compiling records deeds connected to each and every engagement at some level of the public and non-public sector projects, the file talked about.
In accordance to the file, Turkish companies are running projects at some level of assorted sectors in a minimal of five Indian states — Uttar Pradesh, Jammu and Kashmir, Gujarat, Maharashtra, and Delhi. Additionally, India has signed MoUs with Turkish companies at some level of sectors starting from IT to car, and constructing metro rail networks to tunnels.
A Turkish firm bagged the contract for the electromechanical part for Atal tunnel in J&K in 2020, whereas in 2024, but every other agency inked an MoU with RVNL for the metro rail project.
India-Turkey commerce ties
Over the past decade, India and Turkey non-public signed several MoUs starting from telecommunication, custom, education, media, and diplomacy, which Ankara has invested in key sectors including constructing, manufacturing, aviation, and metro rail infrastructure.
In accordance to a February 2025 file by the India Designate Equity Foundation (IBEF)– a belief established by the Union Commerce Ministry’s Department of Commerce– Turkey occupies the Forty fifth keep in FDI equity inflows into India with a cumulative FDI choice of US$ 240.18 million from April 2000-September 2024, the file talked about.
Bilateral commerce between India and Turkey stood at $ 10.4 billion throughout FY24.
New Delhi’s altering stance on Ankara post Op Sindoor
Alternatively, Turkey’s contemporary stance almost about Pakistan and its repeated toughen on Kashmir project for Islamabad at world boards, has pressured New Delhi to recalibrate its its economic and diplomatic ties with Ankara. After Operation Sindoor, the Narendra Modi govt is now decisively transferring its economic policy with Ankara, and all business offers with Turkish companies are being scrutinised.
“All agreements are being scrutinised. But some MoUs or commerce offers or project tie usawere accomplished on a long-length of time basis. They may well no longer be affected following the scorching geo-political scenario. Alternatively, the rising conditions and Turkey’s continuous interference over the Kashmir project may adversely non-public an impact on the expansion of investments or any future commerce offers,” the News18 file quoted a senior commerce professional, working with the Commerce Ministry, as pronouncing.
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