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New Delhi, July 11 Turkey has selected India as a strategic partner to accelerate the growth of the country, said Mr Alpaslan Korkmaz, President and Chief Executive Officer, Investment Support and Promotion Agency of the Republic of Turkey.

The growing domestic market-qualified and cost-effective labour in Turkey are favourable to Indian companies to invest in infrastructure development and manufacturing, he said on Wednesday.

Turkey is enhancing the role of private sector in the economy by opening the key markets to competition and regulation by independent agencies, said Mr Korkmaz.

Indian investors have lot of opportunities in Turkey as the country has initiated structured reforms in public sector, social security, financial sector and tax structures.

Improved investment environment and accelerated privatisation in Turkey will provide Indian companies an access to the EU, Central and Eastern Asian markets, he added.

He was speaking at a meeting organised by the Confederation of Indian Industry and Society of Indian Automobile Manufacturers.

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