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ITFA and T-Hub Join Forces to Strengthen India-Turkiye Trade Ties

Strengthening Economic Ties: ITFA and T-Hub Collaborate to Boost India-Türkiye Trade and Investment

In a significant move to enhance economic collaboration between India and Türkiye, the Indo-Türkiye Friendship Association (ITFA) and Telangana’s premier startup incubator, T-Hub, have signed a Memorandum of Understanding (MoU). This landmark agreement, formalized at the Turkish Consulate General in Hyderabad on January 24, 2025, represents a pivotal step toward fostering bilateral trade, investment, and innovation.

The MoU signing ceremony was graced by esteemed dignitaries, including Orhan Yalman Okan, Consul General of Türkiye, M.A. Faiz Khan, Chairman of ITFA, and Sujit Jagirdar, interim CEO of T-Hub. Hosted at the Turkish Consulate, the event underscored the commitment of both nations to deepen economic cooperation and leverage mutual strengths for shared prosperity.

A Vision for Economic Growth

India and Türkiye have long recognized the potential for robust trade and investment partnerships. In 2024, trade between the two nations reached an impressive $13 billion, underscoring their dynamic economic synergy. With an ambitious mid-term target of $20 billion set by both governments, this new collaboration aims to unlock avenues for growth and diversification.

Key Objectives of the MoU

The partnership between ITFA and T-Hub seeks to achieve the following objectives:

  1. Foster Innovation and Collaboration: Facilitate joint initiatives, exchange programs, and partnerships between startups, innovators, and businesses in both countries.
  2. Enhance Trade Opportunities: Establish a structured framework to identify and capitalize on untapped trade opportunities in sectors such as technology, manufacturing, pharmaceuticals, and renewable energy.
  3. Boost Investment: Encourage investments from Turkish businesses in Indian startups and vice versa, leveraging T-Hub’s ecosystem to nurture cross-border entrepreneurship.
  4. Promote Cultural and Economic Understanding: Strengthen people-to-people ties and cultural exchanges to build trust and mutual respect, which are vital for sustained economic partnerships.

The Role of T-Hub

As one of India’s leading startup incubators, T-Hub has played a transformative role in driving innovation and fostering entrepreneurship. Its robust network of startups, investors, and mentors positions it uniquely to bridge the gap between Indian and Turkish businesses. The MoU empowers T-Hub to:

  • Provide mentorship and resources to Turkish startups entering the Indian market.
  • Facilitate Indian startups in exploring business opportunities in Türkiye.
  • Organize trade missions, startup expos, and networking events to connect entrepreneurs from both nations.

Türkiye: A Strategic Partner for India

Strategically located at the crossroads of Europe and Asia, Türkiye serves as a gateway for Indian businesses to access European and Central Asian markets. With a robust manufacturing base, skilled workforce, and pro-business policies, Türkiye presents an attractive destination for Indian investors. Conversely, India’s vast market, diverse economy, and technological expertise offer significant opportunities for Turkish enterprises.

Strengthening the Bilateral Agenda

The MoU aligns with the broader vision of India and Türkiye to enhance their bilateral agenda. Both nations have identified key sectors for collaboration, including:

  • Technology and Digital Innovation: Building partnerships in artificial intelligence, fintech, and e-commerce.
  • Renewable Energy: Collaborating on green energy projects to address global sustainability challenges.
  • Healthcare and Pharmaceuticals: Expanding trade in medical equipment, pharmaceuticals, and healthcare services.
  • Infrastructure Development: Pursuing joint ventures in infrastructure projects, including smart cities and transportation.

The Path Ahead

The ITFA-T-Hub collaboration is expected to catalyze a new era of economic engagement between India and Türkiye. By fostering innovation, enhancing trade, and encouraging cross-border investments, this partnership holds the potential to create a win-win scenario for both nations. As governments and private sectors join forces to achieve the $20 billion trade target, the future of India-Türkiye economic relations appears brighter than ever.

M.A. Faiz Khan, Chairman of ITFA, aptly remarked, “This MoU is not just a document but a commitment to unlock the true potential of our partnership. Together, we can achieve unprecedented growth and build a legacy of innovation and collaboration.”

As the world witnesses this transformative partnership, the ITFA and T-Hub collaboration stands as a testament to the power of international cooperation in driving economic progress and innovation. The MoU signing on January 24, 2025, at the Turkish Consulate General in Hyderabad marks the beginning of a promising journey toward stronger economic ties between India and Turkiye.

Telangana and Singapore institute sign deal on skill development cooperation

Telangana and Singapore institute sign deal on skill development cooperation

The Telangana government and the Singapore Institute of Technical Education (ITE) signed a deal on skill development collaboration during Chief Minister Revanth Reddy’s visit to the city-state.

In Short

  • Revanth Reddy on 3-day Singapore visit to attract investments to Telangana
  • He got firsthand knowledge about skill development courses at Singapore ITE
  • He met Singapore’s Foreign Minister over issues like tourism and infrastructure development

The Telangana government and the Singapore Institute of Technical Education (ITE) signed an agreement to work together on skill development and support efforts to set up the Young India Skill University. The deal was signed during Telangana Chief Minister Revanth Reddy’s visit to Singapore.

The agreement was signed by the Skill University vice chancellor, VLVSS Subbarao and the Singapore ITE delegation led by Parvender Singh, Deputy Director of Academic and Administration Services. Fabian Chiang, Deputy Director of IT Education Services, ITE, was also present.

On the first day of his visit, Reddy and his delegation went to the ITE, where they enquired about the skill development courses offered by the institute and the facilities provided on the campus. The delegation also spoke to the experts from about 20 sectors and college staff of the institution.

The Chief Minister and his team held discussions with the top officials of ITE and requested support for the prestigious Young India Skill University in Hyderabad’s Fourth City.

During the meeting, state minister Sridhar Babu briefed the ITE management about the skill development courses offered by the Young India Skill University to meet the growing market demand for a skilled workforce and provide employment to the youth in different sectors.

The minister also proposed exchanging skills development training modules with mutual cooperation. The ITE delegation responded positively and came forward to work together with the Young India Skill University. Following the meeting, the ITE and Skill University officials signed an MoU to collaborate in skill development.

An ITE delegation is expected to visit Hyderabad soon.

REVANTH REDDY MEETS SINGAPOREAN FOREIGN MINISTER

Earlier, Reddy met Singapore’s foreign minister, Vivian Balakrishnan. Both held extensive discussions on infrastructure development, rejuvenation of rivers, water resource management, green energy, tourism, education, skill development and development of IT parks.

The Chief Minister focused on long-term partnerships in various sectors along with extensive cooperation between Telangana and Singapore.

Following the three-day visit to Singapore, Reddy’s team will attend the World Economic Forum in Davos, Switzerland, from January 20-24.

Mulam Santha-2024

On Monday, 23rd December 2024, from 10 AM to 7 PM, the Mulam Santha will be held at Dr. Marri Chenna Reddy Memorial Rock Garden, Beside Indira Park, Hyderabad. This local fair will showcase traditional crafts and regional food, offering a vibrant celebration of culture and heritage.

For more details: Seva Mala – 2024

Jai Kisan

On Monday, 23rd December 2024, from 12 PM to 2 PM  at Dr. Marri Chenna Reddy Memorial Rock Garden, Beside Indira Park, Hyderabad, the event Jai Kisan will take place to honor farmer families, the backbone of the essential food we eat. This recognition celebrates their hard work and indispensable contribution to society.

For more details: Seva Mala – 2024

Jai Jawan-2024

On Monday, 23rd December 2024, from 10 AM to 12 PM  at Dr. Marri Chenna Reddy Memorial Rock Garden, Beside Indira Park, Hyderabad, the event Jai Jawan will be held to honor and recognize the families of soldiers who made the ultimate sacrifice for the nation. This heartfelt tribute acknowledges their immense contribution and sacrifice.

For more details: Seva Mala – 2024

Painting – Theme – Farmers

On 22nd December 2024, from 10 AM to 3 PM at Dr. Marri Chenna Reddy Memorial Rock Garden, Beside Indira Park, Hyderabad, a painting session themed “Farmers” will be held. Led by professionals, this educative and engaging event aims to highlight the significance of farmers and farming through art, showcasing their vital role in our lives.

For more details: Seva Mala – 2024

Mulam Santha 2024

On Sunday, 22nd December 2024, from 10 AM to 7 PM at Dr. Marri Chenna Reddy Memorial Rock Garden, Beside Indira Park, Hyderabad, the Mulam Santha will take place. This local fair is a vibrant celebration, showcasing traditional crafts and delicious regional food, offering visitors a delightful experience of culture and flavors.

For more details: Seva Mala – 2024

Seva Mala-Puja

On 21st December 2024, Saturday, from 11:00 AM to 1:00 PM at Dr. Marri Chenna Reddy Memorial Rock Garden, Beside Indira Park, Hyderabad, we will commence the Seva Mala initiative with a special Puja. As part of this sacred beginning, we will seek the blessings of Lord Ganesha for success and removal of obstacles, and chant the powerful Gayathri Mantra to invoke divine wisdom and spiritual strength. The Puja will be a moment of reflection and devotion, bringing us closer to the purpose of Seva and the well-being of all.

For more details: Seva Mala – 2024

A tribute to former CM Rosaiah on third death anniversary

Telangana Chief Minister Revanth Reddy honored the memory of former Chief Minister K Rosaiah on his third death anniversary, praising his discipline, statesmanship, and extensive public service spanning over five decades.

Speaking at a commemorative event at Hyderabad International Convention Centre (HICC), Madhapur, Reddy highlighted Rosaiah’s exceptional contributions, particularly as the Finance Minister of undivided Andhra Pradesh, where his fiscal management left Telangana with a surplus budget of ₹16,000 crore at its formation.

On the third death anniversary of former Chief Minister K. Rosaiah, we remember a leader whose unparalleled dedication and statesmanship left an indelible mark on both Andhra Pradesh and Telangana. Rosaiah’s legacy is one of wisdom, integrity, and selfless service to the people, earning him respect across political lines and enduring admiration in both Telugu states.

Rosaiah served in various crucial roles, including Finance Minister, Chief Minister, and Governor, throughout a remarkable political career that spanned over five decades. His tenure as Finance Minister of undivided Andhra Pradesh was particularly noteworthy for his fiscal prudence, leaving the state in a position of financial stability. At the time of Telangana’s formation, Rosaiah’s leadership had ensured that the state inherited a surplus budget of ₹16,000 crore, which contributed to laying the foundation for its prosperous future.

As the Chief Minister of Andhra Pradesh, Rosaiah exhibited an unflinching commitment to public service and governance. Despite never aspiring for the top position, he was entrusted with the role during a critical phase, which he handled with dignity and resolve. Rosaiah’s calm and composed demeanor earned him the respect of his colleagues and opponents alike. His tenure as Governor of Tamil Nadu was marked by exemplary service, devoid of controversy, something rare for a leader in such a high office.

Beyond his administrative achievements, Rosaiah was a mentor to many, known for his guidance and encouragement. His dedication to uplifting others, particularly in the political arena, was a testament to his belief in the power of education and knowledge. He believed in the importance of debate, discourse, and constructive criticism within democratic systems, always striving to uphold the dignity of the legislative body.

Rosaiah’s humility, integrity, and unwavering commitment to his principles were a beacon of inspiration to all who worked with him. His political acumen, steady hand in governance, and ability to navigate the complexities of statecraft are qualities that continue to inspire future generations.

As we remember K. Rosaiah, we honor not only his service but also the values he embodied—a leader who never sought power for its own sake but instead used it to serve the people with honor and dedication. His legacy remains a guiding light for the people of Telangana and beyond, a true statesman whose contributions will never be forgotten.