Modi and Erdogan press for better bilateral economic ties

New Delhi: At a business event in New Delhi, while hosting the President of Turkey, Prime Minister Narendra Modi called for aggressive efforts to deepen economic ties with the European nation.

Modi said India and Turkey were making efforts to build stronger political ties but it was time to take aggressive steps to strengthen the economic relations.

“Growth in bilateral trade over the years has been impressive,” Modi said. Trade between the two countries has gone up from $2.8 billion in 2008 to $6.4 billion in 2017, he said.

Calling for investment in Indian economy, Modi said: “India was never a more promising destination than today.”

Turkish President Recep Tayyip Erdogan, who is on a two-day State visit to India, said that joint trade between India and Turkey should be balanced and steps should be taken to achieve that.

He said the two countries should move to achieve actual business potential of their ties.

“This meeting marks a new era of business relations,” he said.

Erdogan said the two nations can complement each other in several areas including research, and added that his country can assist in India’s need for rapid development of infrastructure.

“Joint trade volume should be balanced. Steps should be taken to achieve that,” Erdogan said.

Earlier in the day, President Pranab Mukherjee and Prime Minister Narendra Modi received Erdogan at Rashtrapati Bhavan where he was accorded a ceremonial guard of honour.