There is an increasing interest in Turkey by India's leader infrastructure companies. After Hindustan Construction, that wanted to join Üsküdar-Ümraniye Underground Railway Project, now another Indian firm Varun is in Turkey looking for cooperation. Infrastructure and engineering firm Varun Earthtech seeks out partnership on infrastructure projects that will be carried on in India.

Meeting with Turkish companies in Foreign Economic Relations Committee (DEIK) yesterday, Varun Earthtech Limited's CEO Amanullah stated: "In India, there are potential construction projects costing up to $10-15 billion. Within 10 years, those figures will reach $1.5 trillion. We are seeking out partnership with Turkish firms". Expressing that they were  looking for Turkish partners who would carry out projects especially in India, Amanullah said that they were re planning to meet with 20-25 different companies within three days.

Turkish Firms are More Advantageous

Stating that although there are many different companies interested in infrastructure projects in India, they want to cooperate with a Turkish partner, Amanullah said: "Turkish and Indian way of thinking in terms of planning is close to each other. Besides, while European firms calculate a ten-unit cost, Turkish firms calculate six-unit costs for the same project. It is more advantageous to work with Turkish firms which are as powerful and experienced as European firms."

Expressing that they can cooperate both with private and public institutions, Amanullah said that with these projects they were aiming at a 10 percent market share in India.

Varun  which has carried out infrastructure projects worth of $2.5 billion for the last 20 years, is closely interested in Turkish market Amanullah emphasizes that they intend to participate in built-operate-transfer tenders in Turkey.

A Possible Cooperative Project in Bollywood

Turkish-India Business Council Vice President Erdal Alkış said that India's leader firms demand to use Turkey's know-how and stated   "Last week, we received a demand from an Indian firm. In the upcoming period we are expecting two other leader groups. One is about software programming and the other harbor work." Expressing that they are aiming at receiving $80 billion of share out of $1.5 trillion of infrastructure projects that will be carried out in the following 10 years, Alkış said "In India, they want to cooperate with firms that can operate fast. CMR, Tata and some mass media companies also want to invest in Turkey. We can sell a television channel to those companies. We can also carry out cooperative projects in Bollywood."

Source:www.referansgazetesi.com