http://netindian.in/news/2011/02/04...y-calls-strategic-partnership-between-two-cou Minister of State for Commerce and Industry Jyotiraditya Scindia inaugurated the "India Show" in Istanbul yesterday and said Turkey presented the most compelling imperative for India to develop a strategic partnership in diverse fields. He said such a partnership could cover areas such as energy security, infrastructure development, automotives and engineering industry. More than 160 engineering companies are participating in the four-day show being held at the Tuyap Fair, Convention and Congress Centre in Istanbul. Prominent participants in the event include Tata Motors, Bajaj Precision, HMT International, Ramakrishna Forgings, Noida SEZ and Mahindra World City. The Department of Science & Technology, Ministry of Tourism, Coffee Board and Tea Board as well as the State Governments of Andhra Pradesh, Gujarat and Madhya Pradesh are also represented at the show. The exhibition has been organised jointly by the Ministry of Commerce and Industry and Engineering Export Promotion Council (EEPC). Mr Scindia said the partnership between the two countries had to be viewed from an overarching perspective that draws on strategic, political and economic consideration. He said India was making concerted efforts to extend co-operation in the Middle East, Central Asia and the Caspian region. He said India and the European Union had established an institutionalized EU-India Strategic Partnership. Further, India and Turkey have themselves set up a Joint Study Group to look at the feasibility of a Free Trade Agreement between the two countries, he pointed out. Mr Scindia said Indo-Turkey co-operation had many nodal points. "There are immense possibilities for economic collaboration, joint projects and joint investments in our regions which are of common interest to both countries," he said. At a bilateral meeting with his Turkish counterpart Nehat Ergun, the two sides pledged to take bilateral trade and economic cooperation beyond the set target of $ 5 billion by 2012. The bilateral trade between Turkey and India, growing at a Compound Annual Growth Rate (CAGR) of around 27%, reached $ 3.14 billion in 2009-10 from $ 1.2 billion in 2005-06. The bilateral trade target is $ 5 billion by 2012 and $ 10 billion in the next 10 years. Mr Scindia also inaugurated an India Evening in Istanbul today, which was attended by captais of Turkish industry.