India Turkey Business Hub

28/03/2015

The Turkish government has announced plans to build a giant, three-story tunnel underwater that connects Istanbul on the Asian and European sides of the Bosphorus.The tunnel, measuring 6.5 kilometres long, would sit 110 metres below the sea level. It's already been called a "crazy project" by the local newspaper Hurryet. But we think it looks pretty cool.The project was announced by Prime Minister Ahmet Davotoglu today, who described the infrastructure as "a harbinger of the new Turkey," according to the Lebanese paper The Daily Star.The tunnel will feature both a highway for cars and a railway. One highway lane will be at the top of the tunnel, the rail line will occupy the middle layer, and the other lane of the highway will be at the bottom.This GIF might give you an idea:The project is expected to cost about $3.5 billion (£2.3 billion), but the transport minister Lutfi Elvan said that the state will not spend "a single penny," saying Turkey will look for private investors to finance the works.The announcement of the partner should come shortly after the general elections on July 7, according to World Bulletin, and if everything goes to plan, the tunnel should be ready by 2020.The upcoming elections play a key role in the development of the project, according to Alex Christie-Miller, a Istanbul-based journalist who writes for Newsweek and The Times. "Certainly, the economic climate in Turkey for these kinds of ambitious mega projects is souring," he told Business Insider."The problem is that it's very hard to secure foreign financing for these projects, and the government is struggling to find enough domestic private financing. In this context, it's very possible this tunnel will never become a reality, although people said the same of other large infrastructures and, despite financing issues, work and planning is going on."Here are a few more images of the tunnel:

28/03/2015

Despite its wealth of oil and gas, Russia isn’t the only source capable of meeting Europe’s needsThe European Commission (EC) plans to tighten its relations with several nations, including Turkey, as a part of the Continent’s effort to lessen its dependence on Russian for its energy security.In a statement on March 11, the EC said it “intends to strengthen EU-Turkey energy relations by establishing a strategic energy partnership” because “[a] stronger and more united EU can engage more constructively with its partners, to their mutual benefit.”Two weeks earlier at EC headquarters in Brussels, the commission unveiled its Energy Union Package seeking greater coordination among the European Union’s member states to permit a free exchange of energy from one to another to ensure a secure supply for all citizens of the EU.At that time, the EC specifically spoke of its goal to reduce its reliance on energy from Russia, which has been hit by EU and US sanctions for annexing Ukraine’s Crimean peninsula and supporting separatist rebels in eastern Ukraine. EU customers get about one-third of their gas supplies from Russia, and half of that flows through pipelines in Ukraine.“As part of a revitalized European energy and climate diplomacy,” the March 11 statement said, “the EU will use all its foreign policy instruments to establish strategic energy partnerships with increasingly important producing and transit countries or regions such as Algeria and Turkey, Azerbaijan and Turkmenistan, the Middle East, Africa and other potential suppliers.”Turkey is the key, however, according to Marco Giuli, who studies energy issues at the European Policy Center, a Brussels think tank. “European policymakers have been trying to find a more diverse gas supplier since the ’90s,” he told the International Business Times, “but right now there is more intense momentum for that to happen. To Eastern Europe especially, it’s absolutely critical.”In fact, despite its wealth of oil and gas, Russia isn’t the only source capable of meeting Europe’s needs. There are generous deposits of the two fuels northeast of Turkey in the Caspian Sea basin and beyond. And coincidentally they provide a kind of balance between supply and demand.These regions hold about 65 percent of the world’s total known oil and gas reserves, and countries west of Turkey consume 65 percent of the world’s oil and gas. Turkey’s geographical position, combined with its political and military ties to the West, makes it the …

23/07/2014

emerging potential of Turkey

Guest post writ­ten by Peri KadasterDirec­tor of Strat­e­gy and Mar­ket­ing at Moni­tise, helm­ing the Mid­dle East / Africa region’s ini­tia­tives in inter­na­tion­al busi­ness.When you hear the word “startup,” the first place that comes to mind prob­a­bly isn’t Turkey. Between Sil­i­con Val­ley, New York City, Moscow and Tel Aviv, an exclu­sive col­lec­tion of start­up hubs around the world has been cre­at­ing buzz and dom­i­nat­ing entre­pre­neur­ial atten­tion for years. So when I was offered the chance to join a start­up in Istan­bul, Turkey in 2013, I was curi­ous about this new mar­ket, and accept­ed the job imme­di­ate­ly.Now, after liv­ing and work­ing in Istan­bul for almost a year, I’ve wit­nessed the city under­go a major trans­for­ma­tion, dri­ven by the incred­i­ble power of tech­nol­o­gy and entre­pre­neur­ial spir­it. While Turkey’s move toward a start­up ecosys­tem has been build­ing for years, cutting-edge ideas around emerg­ing tech­nol­o­gy — like wear­ables, bea­con tech­nol­o­gy and mobile com­merce — are at an all-time high, some­times crop­ping up in Istan­bul before any­where else in the world. With so much inno­va­tion meet­ing in the mid­dle, Turkey has been cat­a­pult­ed to the fore­front of inno­va­tion in a big way, and is only slat­ed to grow even fur­ther.Start­ing UpWhile it has gained ground in recent years, Turkey’s trans­for­ma­tion has been a long time com­ing, thanks to a unique mix of cul­tur­al, eco­nom­ic and even gov­ern­men­tal ele­ments that some­how all add up. A huge fac­tor in Turkey’s start­up suc­cess are the coun­try’s demo­graph­ics. An entire half of Turkey’s pop­u­la­tion is under the age of 30, result­ing in a pre­dom­i­nant­ly well-educated work­force and a mas­sive tal­ent pool of early adopters and tech-savvy thinkers. Addi­tion­al­ly, mobile pen­e­tra­tion in Turkey is through the roof, with more than 68 mil­lion peo­ple in Turkey own­ing a mobile device—that’s 84% of the pop­u­la­tion. Turkey’s mobile users are also report­ed to be the most active con­sumers in the world for mobile shop­ping, mobile bank­ing and QR code scan­ning, and are third in the world for mobile wal­let tech­nol­o­gy usage. As the coun­try’s pop­u­la­tion grav­i­tates toward an increas­ing­ly mobile lifestyle, con­sumers are by pass­ing inter­net and desk­top trends of the past, leapfrog­ging to mobile and embrac­ing its mas­sive poten­tial for inno­va­tion.Turkey’s inter­nal infra­struc­ture has even fol­lowed suit, work­ing t …

16/12/2012

Great Opportunity for Indian's to Investment in Turkey.

Turkey, shinning star of Europe and Middle East. Everyday more people talk about the Turkey and it's developing business and culture. Investment opportunity is also continue to develop, if you want to get latest news, tips and strategcal information, statistics, just check this blog site.

For this purpose i will add news and links, also guides about how to business and where to invest in Turkey.

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16/12/2012

Some Pictures of India-turkey Business

08/08/2011

India & Turkey is having more business in coming days.

19/06/2011

The Modern Geographical Bridge for business between Asia and Europe

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