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India.com
22-05-2025
- Politics
- India.com
After Turkey, Azerbaijan boycott, Indians are now visiting these Muslim countries, check names here
Representational Image/AI-generated. India boycotting Turkey and Azerbaijan: After India conducted Operation Sindoor and killed more than a hundred terrorists across multiple terror camps in Pakistan, barely two countries of the world came in support of Pakistan but after reading this update, they must be regretting their decision. The two prominent countries who came to the support of Pakistan during the recent India-Pakistan tensions were Turkey and Azerbaijan, and as a result, Indians are boycotting the tourist destinations of these two Muslim-dominated countries and choosing other countries as their holiday destinations. Indian visiting Muslim countries According to tourism industry experts quoted by various reports, the Indian visitors are choosing new sites in various countries Muslim like Kazakhstan, Egypt, Jordan, Georgia and Armenia. According to a Atlis report, a 42 percent drop in visa applications for Turkey and Azerbaijan after India conducted Operation Sindoor. Readers must note that visitors are also looking for Europe and South-East Asian countries but due to their visa and weather issues respectively, they are not choosing them as their destinations. Also, Subhash Goyal, Chairman of STIC Travel Group and President of Indian Association of Tour Operators (IATO) was quoted saying in a report that the choice of Indian tourists has shifted from Turkey to Islamic countries like Egypt and Jordan to Armenia and Georgia over Azerbaijan due to the changed geo-political conditions. MEA on Turkey, Pakistan terrorism issue India recently emphasised that it expects Turkey to 'strongly urge' Pakistan to end its support to cross-border terrorism and take credible and verifiable actions against the terror ecosystem it has harboured for decades. 'We expect Turkey to strongly urge Pakistan to end its support to cross-border terrorism and take credible and verifiable actions against the terror ecosystem it has harboured for decades. Relations are built on the basis of sensitivities to each other's concerns,' Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal stated during a weekly media briefing in New Delhi. Led by President Recep Tayyip Erdogan, Turkey has openly backed Pakistan's aggression and military response to India's decisive Operation Sindoor targeting Pakistani terror infrastructure. (With inputs from agencies)
India Gazette
14-05-2025
- Business
- India Gazette
MakeMyTrip urges people to refrain from non-essential travel to Turkey, Azerbaijan
New Delhi [India], May 14 (ANI): MakeMyTrip has urged people to avoid non-essential travel to Azerbaijan and Turkey over the two countries' support to Pakistan despite the Pahalgam terror attack and Islamabad's aggression against India, which was effectively countered by the Indian Armed Forces. 'Indian travellers have expressed strong sentiments over the past one week, with bookings for Azerbaijan and Turkey decreasing by 60 per cent while cancellations have surged by 250 per cent during the same period, a MakeMyTrip spokesperson said. 'In solidarity with our nation and out of deep respect for our armed forces, we strongly support this sentiment and advise all against all non-essential travel to Azerbaijan and Turkey. We have already discontinued all promotions and offers on our platform to discourage tourism to these two destinations,' the spokesperson added. India launched Operation Sindoor and carried out precise strikes on terror infrastructure in Pakistan and Pakistan-Occupied Jammu and Kashmir in response to Pahalgam terror attack. Indian Armed Forces repelled Pakistan's subsequent aggression and pounded its airports. There have been growing appeals in the country for boycotting travel to Turkey and Azerbaijan. Turkey and Azerbaijan rallied behind Pakistan despite its support for cross-border terrorism against India and its aggression after Operation Sindoor. Azerbaijan, in its statement on India-Pakistan tensions, echoed the Pakistani line. Turkey expressed its solidarity with Pakistan and supported Islamabad's proposal for an international investigation into the Pahalgam terror attack. Turkey has also supplied military weapons to Pakistan. Subhash Goyal, Chairman, Tourism Committee, Indian Chamber of Commerce, said they remain committed to promoting ethical, responsible, and respectful business and tourism practices, while upholding the values of integrity, security, and unity of the country. 'Several tourism associations and industry bodies have issued statements of solidarity and collective commitment towards prioritising our national interest over commercial goals. The Indian Chamber of Commerce joins these organisations in demanding a boycott of states like Turkey and Azerbaijan, following their stand against India's response to terrorism. Tourism is a force for good and a driver of peace, global harmony and international understanding,' Goyal said. (ANI)
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Business Standard
14-05-2025
- Business
- Business Standard
Indian entities committed FDI worth $6 mn in Azerbaijan & Turkiye in April
Four Indian entities committed foreign direct investments worth nearly $6 million in Azerbaijan and Turkiye, accounting for a small part of the total $6.8 billion overseas investments proposed by Indian companies in April, according to the latest Reserve Bank data. India's outbound FDI increased by nearly 90 per cent annually to $6.8 billion in April, led by Tata Communications, Life Insurance Company and JSW Neo Energy, according to the data. India's outward foreign direct investment (FDI) stood at about $3.59 billion in April 2024 and $5.9 billion in March 2025. Among the investments, two Indian entities -- Omega Plasto Ltd and Rama Pure Water Pvt Ltd -- have committed equity investments in the 'wholesale, retail trade, restaurants and hotels' segment in Turkiye through joint ventures, as per the data released by the Reserve Bank of India (RBI) on Wednesday. Axiro Semiconductor Pvt Ltd has committed funds in Turkiye's manufacturing space through a wholly-owned subsidiary. Together, the three entities' total commitment is around $0.28 million. The data showed that Project Aslan has committed an amount of $5.6 million in Azerbaijan's agriculture and mining sectors. Tata Communications Limited has committed $1.12 billion, including a guarantee of little over $1 billion and equity of $88.77 million, in the Netherlands, the data showed. The investment is being made through a joint venture, Tata Communications Netherlands BV, in transport, storage and communications services. JSW Neo Energy's financial commitment stood at $720.6 million through its wholly-owned subsidiary O2 Power Midco Holdings PTE in Singapore towards electricity, gas and water. It has also committed $60 million through another wholly-owned subsidiary. State-owned Life Insurance Corporation has committed $685.52 million for financial, insurance and business services through a joint venture with LIC Lanka in Sri Lanka. The RBI data also showed that Samvardhana Motherson International's financial commitment stood at $772 million in Mauritius through its wholly-owned subsidiary MSSL Mauritius Holdings. The FDI is in the form of a guarantee. Against the backdrop of Turkiye and Azerbaijan condemning India's recent strikes on terror camps in Pakistan, New Delhi's trade relations with Ankara and Baku might come under strain. There are calls for a boycott of Turkish goods and tourism from certain quarters. On Wednesday, the Indian Chamber of Commerce (ICC) supported the boycott calls. "Several tourism associations and industry bodies have issued statements of solidarity and collective commitment towards prioritising our national interest over commercial goals. The Indian Chamber of Commerce joins these organisations in demanding a boycott of states like Turkiye and Azerbaijan, following their stand against India's response to terrorism," said Subhash Goyal, Chairman, Tourism Committee, ICC. As one of India's oldest chambers of commerce, Goyal said ICC remains committed to promoting ethical, responsible, and respectful business and tourism practices while upholding the values of integrity, security, and unity of our country.
Time of India
14-05-2025
- Business
- Time of India
Four Indian companies commit $6.8 billion overseas FDI in April; nearly $6 million in Azerbaijan, Turkey
Four Indian firms invested close to $6 million in Azerbaijan and Turkey as part of the country's total outbound foreign direct investment (FDI) for April, according to the data released by Reserve Bank of India on Wednesday. These contributions represent a small portion of the overall $6.8 billion in proposed overseas investments by Indian companies that month. The data also shows that the nation's outbound FDI saw a nearly 90% year-on-year increase, with major contributions from Tata Communications, Life Insurance Corporation, and JSW Neo Energy. This comes amid Turkey and Azerbaijan's condemnation of India's recent strikes on terror camps in Pakistan under Operation Sindoor, concerns have emerged over potential strain in New Delhi's trade ties with both countries. Some groups have even begun calling for a boycott of Turkish products and tourism. "Several tourism associations and industry bodies have issued statements of solidarity and collective commitment towards prioritising our national interest over commercial goals. The Indian Chamber of Commerce joins these organisations in demanding a boycott of states like Turkey and Azerbaijan, following their stand against India's response to terrorism," said Subhash Goyal, chairman, tourism committee, ICC. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like These Are The Most Beautiful Women In The World Undo Meanwhile, MakeMyTrip has reported a sharp drop in travel demand to Turkey and Azerbaijan, amid growing social media calls for a boycott of the two countries. The platform noted a 60% decline in bookings over the past week, accompanied by a 250% surge in cancellations. The country's FDI stood at approximately $3.59 billion in April 2024 and rose to $5.9 billion in March 2025, according to RBI data. Among the various investments, three Indian companies—Omega Plasto Ltd, Rama Pure Water Pvt Ltd, and Axiro Semiconductor Pvt Ltd—have committed a combined $0.28 million to Turkey. While the first two firms invested in the 'wholesale, retail trade, restaurants, and hotels' sector through joint ventures, Axiro Semiconductor directed funds into Turkey's manufacturing sector via a wholly-owned subsidiary. According to the data, several major Indian firms have made significant overseas investments across diverse sectors and geographies. Project Aslan has committed USD 5.6 million in Azerbaijan's agriculture and mining sectors. Tata Communications Limited is investing $1.12 billion in the Netherlands through its joint venture, Tata Communications Netherlands BV, targeting transport, storage, and communication services. JSW Neo Energy has pledged $720.6 million via its wholly-owned subsidiary O2 Power Midco Holdings PTE in Singapore for electricity, gas, and water services, along with an additional $60 million through another subsidiary. Meanwhile, state-run Life Insurance Corporation (LIC) has committed $685.52 million in Sri Lanka's financial and insurance sectors through its joint venture, LIC Lanka Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
News18
14-05-2025
- Business
- News18
Turkey, Azerbaijan Tourism To Trip As Travel Portals See Surge In Cancellations Amid Boycott Calls
Last Updated: MakeMyTrip, one of the biggest travel portals, has seen a 60% drop in bookings to Azerbaijan and Turkey during the past week, while cancellations have risen by 250% As the chorus to boycott Turkey and Azerbaijan for supporting Pakistan during the tension with India grows louder, travel portals are seeing a steep drop in bookings, with a surge in cancellations. MakeMyTrip (MMT), one of the biggest travel portals, has seen a 250% rise in cancellations, along with a 60% drop in bookings to Azerbaijan and Turkey during the past week. 'In solidarity with our nation and out of deep respect for our armed forces, we strongly support this sentiment and advise all against all non-essential travel to Azerbaijan and Turkey. We have already discontinued all promotions and offers on our platform to discourage tourism to these two destinations," said MMT spokesperson. The two countries had criticised India's strike on terror infrastructure in Pakistan and Pakistan-occupied-Kashmir on May 7. Islamabad also used Turkish drones in the conflict. While many on X have been recommending travel to Greece or Armenia, others have responded with comments about tickets cancelled by them, their friends or relatives as a patriotic gesture. Echoing the sentiment, Subhash Goyal, chairman of The Indian Chamber of Commerce's Tourism Committee, the expert committee on aviation and tourism, stated that all tourism associations stand firmly with the nation and the Indian Armed Forces. According to the committee, tourism to these two countries could see a 50-60% decline. The committee also cited security risks for Indian travellers and urged the Government of India to issue a travel advisory for Turkey and Azerbaijan. Prashant Pitti, co-founder, EaseMyTrip, told News18: 'It is our responsibility. We were the first to issue a travel advisory on avoiding travel to Turkey. At least 22% of our tickets to Turkey and 33% to Azerbaijan have been cancelled…These numbers are going to increase. This could be the beginning for Turkey as Indian tourism will go down drastically." No Türkiye, Indians won't come spending money on tourism in a country that uses the same to arm Pakistan. Look for your tourists elsewhere, our money ain't blood money. — Priyanka Chaturvedi🇮🇳 (@priyankac19) May 13, 2025 A letter, reportedly from Türkiye's department of tourism, has gone viral on X (formerly Twitter). In the letter, Türkiye urged Indian tourists not to cancel or postpone their travel plans, assuring that there are no restrictions or safety concerns for Indian travellers. Joining the boycott call was actor Rupali Ganguly of Anupamaa fame. She wrote on X: 'Can we please cancel our bookings for Turkey? This is my request to all Indian Celebs/Influencers/Travellers. This is the least we can do as Indians. #BoycottTurkey." Can we please cancel our bookings for Turkey. This is my request to all Indian Celebs/Influencers/Travellers. This is the least we can do as Indians. #BoycottTurkey — Rupali Ganguly (@TheRupali) May 13, 2025 Meanwhile, IndiGo airlines has come under fire for continuing its codeshare agreement with Turkish Airlines. Not just travel, the boycott call has spread to Turkish goods too. The Delhi Chamber of Trade and Industry (CTI) on Monday launched a protest campaign urging a complete boycott of goods imported from China and Turkey. Earlier, traders from Uttar Pradesh and Pune joined took to the streets and began pulling Turkish produce—mostly apples —off the shelves. Udaipur traders have also decided to stop use of Turkish marble. The Shiv Sena has also called for immediate termination of a Turkish ground-handling company's contract at Mumbai's international airport. First Published:
