From Kashmir To Delhi, Tunnels To Metros: India To Re-Assess Billion-Dollar Turkish Deals
Last Updated:May 15, 2025, 08:36 ISTTurkey’s repeated remarks connected Kashmir astatine planetary forums and its increasing alignment with Pakistan person not gone unnoticed successful New Delhi.Prime Minister Narendra Modi (right) and Turkish President Recep Tayyip Erdogan (left). (Image: PTI File)From automobile to IT, metro obstruction to passageway – with Turkish firms and companies operating crossed astatine slightest 5 states – Gujarat, Maharashtra, Uttar Pradesh, Jammu & Kashmir, and Delhi, on with respective MoUs signed crossed sectors – the bilateral commercialized betwixt the 2 nations stood astatine US$ 10.4 cardinal during FY24.“Turkey occupies the 45th presumption successful FDI equity inflows into India with a cumulative FDI fig of US$ 240.18 cardinal from April 2000-September 2024," reveals a reappraisal report, dated February, 2025 by India Brand Equity Foundation (IBEF), a spot established by the Department of Commerce, Ministry of Commerce and Industry, Government of India.These investments span strategical sectors similar construction, manufacturing, aviation, and metro obstruction infrastructure and besides cognition sharing sectors similar acquisition and media. Meanwhile, respective Memoranda of Understanding (MoUs) person besides been signed betwixt the 2 nations implicit the past decennary — ranging from commercialized successful poppy seeds to practice successful telecommunications, culture, education, media and adjacent diplomacy.But down the scenes, a quiescent yet deliberate displacement is underway aft Operation Sindoor. The Modi authorities is present moving systematically to reassess and scrutinise — and successful immoderate cases, terminate — Turkish concern agreements and projects successful India.A elder official, speaking connected information of anonymity, confirmed that “all projects involving Turkish firms are nether scrutiny, authorities is re-assessing each ties including the ones which ended," adding that the authorities is presently focused connected collecting, compiling elaborate information and deeds related to each engagement crossed the nationalist and backstage assemblage projects. In 2020, a Turkish institution was assigned the electromechanical portion for Atal passageway successful J&K and successful 2024, RVNL signed a MoU with different Turkish institution for the metro obstruction project.Not ‘aligned’ with IndiaTurkey has been a trade, operation and exertion spouse for India for implicit a decade, nevertheless ‘change successful strategy’ on with diplomatic clarity came amid rising geopolitical friction.Turkey’s repeated remarks connected Kashmir astatine planetary forums and its increasing alignment with Pakistan person not gone unnoticed successful New Delhi. But, the Modi government, typically cautious astir unfastened retaliatory moves, earlier appeared to beryllium recalibrating its economical and strategical vulnerability to Ankara done what insiders picture arsenic a ‘silent unwind’ of bilateral concern ties. However, station Operation Sindoor, and what followed next, the authorities has present decided to bring a displacement successful its bilateral argumentation with the country.Talking to News 18, a elder commercialized expert, moving with the ministry said, “All agreements are being scrutinised. But immoderate MoUs oregon commercialized deals oregon task necktie ups were done connected a semipermanent basis. They mightiness not beryllium affected pursuing the existent geo-political situation. However, the emerging circumstances and Turkey’s continuous interference implicit the Kashmir contented whitethorn adversely impact the maturation of investments oregon immoderate aboriginal commercialized deals."Among the cardinal Turkish players successful India, determination are operation companies progressive successful metro obstruction projects successful cities similar Lucknow, Pune, and Mumbai. A firm, done its associated task with an Indian industry, has established a manufacturing portion successful Gujarat, portion different aviation company, seen arsenic a salient Turkish entity, operates successful Indian airports. These are not tiny footprints – they correspond captious infrastructure and public-facing services, said the elder official.Significantly, the 2017 sojourn of Turkish president Erdoğan to India had led to a flurry of practice agreements, including media collaboration, and grooming partnerships betwixt diplomatic academies. But astir 8 years on, those promises of synergy are present giving mode to a sterner world – economical distancing calved retired of geopolitical divergence.For now, the Modi authorities has chosen a low-decibel approach. As of now, nary authoritative cancellation has been announced, but the int
Last Updated:May 15, 2025, 08:36 IST
Turkey’s repeated remarks connected Kashmir astatine planetary forums and its increasing alignment with Pakistan person not gone unnoticed successful New Delhi.
Prime Minister Narendra Modi (right) and Turkish President Recep Tayyip Erdogan (left). (Image: PTI File)
From automobile to IT, metro obstruction to passageway – with Turkish firms and companies operating crossed astatine slightest 5 states – Gujarat, Maharashtra, Uttar Pradesh, Jammu & Kashmir, and Delhi, on with respective MoUs signed crossed sectors – the bilateral commercialized betwixt the 2 nations stood astatine US$ 10.4 cardinal during FY24.
“Turkey occupies the 45th presumption successful FDI equity inflows into India with a cumulative FDI fig of US$ 240.18 cardinal from April 2000-September 2024," reveals a reappraisal report, dated February, 2025 by India Brand Equity Foundation (IBEF), a spot established by the Department of Commerce, Ministry of Commerce and Industry, Government of India.
These investments span strategical sectors similar construction, manufacturing, aviation, and metro obstruction infrastructure and besides cognition sharing sectors similar acquisition and media. Meanwhile, respective Memoranda of Understanding (MoUs) person besides been signed betwixt the 2 nations implicit the past decennary — ranging from commercialized successful poppy seeds to practice successful telecommunications, culture, education, media and adjacent diplomacy.
But down the scenes, a quiescent yet deliberate displacement is underway aft Operation Sindoor. The Modi authorities is present moving systematically to reassess and scrutinise — and successful immoderate cases, terminate — Turkish concern agreements and projects successful India.
A elder official, speaking connected information of anonymity, confirmed that “all projects involving Turkish firms are nether scrutiny, authorities is re-assessing each ties including the ones which ended," adding that the authorities is presently focused connected collecting, compiling elaborate information and deeds related to each engagement crossed the nationalist and backstage assemblage projects. In 2020, a Turkish institution was assigned the electromechanical portion for Atal passageway successful J&K and successful 2024, RVNL signed a MoU with different Turkish institution for the metro obstruction project.
Not ‘aligned’ with India
Turkey has been a trade, operation and exertion spouse for India for implicit a decade, nevertheless ‘change successful strategy’ on with diplomatic clarity came amid rising geopolitical friction.
Turkey’s repeated remarks connected Kashmir astatine planetary forums and its increasing alignment with Pakistan person not gone unnoticed successful New Delhi. But, the Modi government, typically cautious astir unfastened retaliatory moves, earlier appeared to beryllium recalibrating its economical and strategical vulnerability to Ankara done what insiders picture arsenic a ‘silent unwind’ of bilateral concern ties. However, station Operation Sindoor, and what followed next, the authorities has present decided to bring a displacement successful its bilateral argumentation with the country.
Talking to News 18, a elder commercialized expert, moving with the ministry said, “All agreements are being scrutinised. But immoderate MoUs oregon commercialized deals oregon task necktie ups were done connected a semipermanent basis. They mightiness not beryllium affected pursuing the existent geo-political situation. However, the emerging circumstances and Turkey’s continuous interference implicit the Kashmir contented whitethorn adversely impact the maturation of investments oregon immoderate aboriginal commercialized deals."
Among the cardinal Turkish players successful India, determination are operation companies progressive successful metro obstruction projects successful cities similar Lucknow, Pune, and Mumbai. A firm, done its associated task with an Indian industry, has established a manufacturing portion successful Gujarat, portion different aviation company, seen arsenic a salient Turkish entity, operates successful Indian airports. These are not tiny footprints – they correspond captious infrastructure and public-facing services, said the elder official.
Significantly, the 2017 sojourn of Turkish president Erdoğan to India had led to a flurry of practice agreements, including media collaboration, and grooming partnerships betwixt diplomatic academies. But astir 8 years on, those promises of synergy are present giving mode to a sterner world – economical distancing calved retired of geopolitical divergence.
For now, the Modi authorities has chosen a low-decibel approach. As of now, nary authoritative cancellation has been announced, but the intent is unmistakable. As India asserts itself globally, partnerships that bash not align with its halfway strategical interests contempt being economically viable whitethorn look a quiescent exit.
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