Latest news with #Trendyol
Zawya
27-05-2025
- Business
- Zawya
Trendyol and Castle Investments in partnership to create a cutting-edge regional data centre in Ankara
Istanbul and Dubai: Trendyol, Türkiye's leading e-commerce platform, has entered into a landmark partnership with Castle Investments, a company founded by Mr. Tarek Al Ashram, one of the region's foremost figures in data center development, to develop and operate a cutting-edge data center in Ankara. The strategic partnership has been formalized through the signing of a Shareholders' Agreement (SHA) to design, develop, and operate Ankara Data Hub, a 48 MW IT capacity data center that will be one of the largest and most advanced in the region. The facility will be Uptime Tier III certified and will incorporate the latest technologies and world-class operational standards to meet the evolving needs of hyperscalers, cloud service providers, and local enterprises. Trendyol will occupy a significant portion of the data center's capacity, underlining its desire to support its local and international activities with cutting edge technology services. The data center's remaining capacity will be commercially available to other major cloud players and enterprise customers in the future. With a total development cost of approximately USD500 million, the first phase comprising 9.6 MW of IT capacity is scheduled to go live by Q3 2026. The construction is actively underway in Temelli, Ankara progressing in line with the anticipated delivery milestones. Çağlayan Çetin, President of Trendyol Group, said, 'Trendyol's leadership is built on its world-class technological solutions and smart data applications. The Ankara Data Center project will significantly enhance the quality of service we offer to our rapidly growing local and international customer base, and represents further evidence of our commitment to investing in Türkiye and our confidence in the country's strong digital ecosystem.' "This partnership represents a major step forward in shaping the future of digital infrastructure in the region," said Tarek Al Ashram, CEO of Castle Investments. "Combining our extensive track record in delivering mission-critical data center facilities with Trendyol's technological leadership and digital scale in Türkiye will make the Ankara Data Hub an iconic project and a new regional benchmark." The partnership was formalised in a signing ceremony in Dubai with Çağlayan Çetin, President of Trendyol Group and Tarek Al Ashram, CEO of Castle Investments, in the presence of His Excellency Omar Sultan Al Olama, UAE Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, and Mustafa Varank, Chair of the Committee on Industry, Trade, Energy, Natural Resources, Information and Technology at the Grand National Assembly of Türkiye and head of the Türkiye–United Arab Emirates Inter-Parliamentary Friendship Group. About Trendyol Founded in 2010, Trendyol is the leading e-commerce marketplace in Türkiye and one of the top e-commerce platforms in the world. The platform connects 250,000 sellers and brands with 40 million customers on dedicated local language apps in Türkiye, Germany, Azerbaijan, the Gulf States and, most recently, in Romania, Czechia, Slovakia, Poland, Hungary, Bulgaria and Greece. About Castle Investments Castle Investments is a privately held company owned by Mr. Tarek Al Ashram, a pioneer in the Middle East data center industry. Since 2012, Mr. Al Ashram has led the development and operation of large-scale, mission-critical data centers across the region, delivering world-class digital infrastructure for governments, global enterprises, and hyperscale cloud providers. With a proven track record of innovation, operational excellence, and strategic market delivery, Castle Investments continues to build on this legacy through transformative digital infrastructure projects that enable the region's digital economy to thrive.
Mint
25-05-2025
- Business
- Mint
Amid boycott Turkey calls, PM Modi claims surge in ‘vocal for local,' ‘wed in India' trend
Prime Minister Narendra Modi on Sunday, during is 122nd episode of his monthly radio show 'Mann Ki Baat' highlighted a renewed wave of enthusiasm among Indians for initiatives like 'Vocal for Local' and 'Wed in India' in the aftermath of Operation Sindoor. Notably, PM Modi's statement comes amid a rising surge of calls across India to boycott Turkey, following Ankara's overt support for Pakistan. During the Mann ki Baat episode, PM Modi also mentioned, 'Some families pledged we will spend our next vacation at a beautiful place in the country itself'. Amid India's allegations of Pakistan's support for cross-border terrorism, Turkey condemned Operation Sindoor following the Pahalgam terror attack in India. Furthermore, Turkey provided Pakistan with drones, which were later used against India to target civilian areas and military installations during Operation Sindoor. India had launched Operation Sindoor on May 7 in retaliation for the Pahalgam attack. The precision airstrikes on nine terror camps killed at least 100 terrorists in Pakistan and PoK. Pakistan escalated the situation and attempted to strike Indian civilian areas and military installations. Indian forces also destroyed 11 Pakistani air bases, inflicting major damage to Pakistan's misadventure plans. The boycott of Turkey in India has led to bans and widespread rejection of Turkish products and services across multiple sectors due to Turkey's support for Pakistan amid recent India-Pakistan conflicts. Key elements of the boycott include: Indian small grocery shops and major online fashion retailers have stopped selling Turkish products such as chocolates, coffee, biscuits, jams, cosmetics, and clothing brands like Trendyol, LC Waikiki, Koton, and Mavi. The All India Products Distribution Federation (AICPDF), representing millions of small shops, declared an indefinite boycott of Turkish food products worth around ₹ 2,000 crore. Himachal Pradesh Chief Minister and Congress leader Sukhvinder Singh Sukhu has advocated banning Turkish apple imports, valued at about $60 million annually. The Udaipur Marble Processors Association banned Turkish marble imports, which previously accounted for 70% of India's supply. Major Indian travel companies such as MakeMyTrip, EaseMyTrip, and Cox & Kings have suspended or paused bookings and promotions for travel to Turkey and Azerbaijan, citing national sentiment and security concerns. Flipkart halted bookings for flights, hotels, and holiday packages to Turkey as an act of solidarity with India's national sovereignty, reported Reuters. India revoked the security clearance of Turkish ground handling company Celebi Aviation, which operated at major Indian airports including Delhi, Mumbai, and Chennai, citing national security concerns. Air India urged Indian authorities to prevent IndiGo from leasing aircraft from Turkish Airlines due to security and business concerns linked to Turkey's support for Pakistan. Indian universities such as Jawaharlal Nehru University (JNU), Jamia Millia Islamia, and Maulana Azad National Urdu University suspended academic collaborations and MoUs with Turkish universities. The All Indian Cine Workers Association (AICWA) announced a complete boycott of Turkey for film shoots and cultural collaborations, banning Indian film projects from shooting in Turkey or working with Turkish artists. India canceled a $2.3 billion shipbuilding consultancy contract with Turkey's Anadolu Shipyard, reported Deutsche Welle. The deal involved constructing five Fleet Support Ships for the Indian Navy at India's Hindustan Shipyard, with technology and engineering support from Anadolu. However, the report added that the cancellation was done before the recent spat, in order to boost Atmanirbhar Bharat. 'Officially, India cited its policy to boost local shipbuilding capacity as the reason for the termination', the German media house quoted an National Security Council Secretariat official. Turkish contractors and firms operating in India are being phased out or replaced by local or other international partners. Approximately 3.3 lakh (330,000) Indian tourists visited Turkey in 2024. These tourists collectively spent an estimated $350–400 million (around ₹ 3,000 to ₹ 4,300 crore), according to several media reports. To break down the figures, mentioned by Cox & Kings to HT Lifestyle : Number of Indian tourists to Turkey in 2024: about 3.3 lakh (330,000). Estimated spending by Indian tourists in Turkey in 2024: between $350 million and $400 million (approximately ₹ 3,000 to ₹ 4,300 crore).
Time of India
21-05-2025
- Business
- Time of India
Indian boycott of Turkish coffee, chocolates and fashion grows
HighlightsThe All India Consumer Products Distributors Federation has launched an indefinite and total boycott of all Turkish-origin goods, impacting around 20 billion rupees ($234 million) of food products amid rising tensions over Turkey's support for Pakistan. Major Indian fashion retailers, including Flipkart and Reliance, have removed several Turkish apparel brands from their platforms, citing national sentiments and interests in response to Turkey's public solidarity with Pakistan. Indian officials are taking steps to limit Turkish business operations in India, including lobbying against a leasing tie-up between IndiGo Airlines and Turkish Airlines, highlighting security concerns linked to Ankara's support for Pakistan. Small Indian grocery shops and major online fashion retailers are boycotting Turkish products ranging from chocolates, coffee, jams and cosmetics to clothing amid growing anger at Turkey's support for Pakistan in a confrontation with India. Turkish President Tayyip Erdogan expressed public solidarity with Pakistan, after India conducted military strikes in response to an attack in Kashmir by Islamist assailants. Cross-border fighting continued for four days before a ceasefire was declared. On Monday, the All India Consumer Products Distributors Federation (AICPDF), which supplies 13 million mom-and-pop grocery stores, said it was launching an "indefinite and total boycott" of all Turkish-origin goods, which would affect chocolates, wafers, jams, biscuits and skincare products. Indian fashion websites owned by Walmart-backed Flipkart and billionaire Mukesh Ambani's Reliance have removed numerous Turkish apparel brands, according to three sources and a review of their websites. Flipkart's fashion website Myntra removed listings of Turkish brands including Trendyol, known for women's clothing, street and casual wear brand LC Waikiki and jeans producer Mavi, said one source with direct knowledge. Myntra removed the brands "in the national interest" without Walmart's involvement, a second source with direct knowledge said. Reliance's fashion website AJIO also removed Turkish brands including Trendyol, Koton, LC Waikiki from its app, and many of those listings were shown as out of stock on Monday. A source cited "national sentiments" as a reason. Flipkart, Reliance Retail and the Turkish brands Trendyol, LC Waikiki, Koton and Mavi did not respond to requests for comment. India has not ordered companies to boycott Turkey, and India's annual $2.7 billion in goods imports from Turkey are dominated by mineral fuels and precious metals. But a consumer boycott could still be significant. AICPDF said its ban would affect around 20 billion rupees ($234 million) of food products. Apparel imports were worth $81 million last year, according to the Trading Economics reference website. Sukhvinder Singh Sukhu, chief minister of Himachal Pradesh, one of India's biggest apple-growing states, said on Monday he would ask for a ban on apple imports from Turkey, which were worth around $60 million last year. Moreover, last week Flipkart said it was suspending flight, hotel and holiday package bookings to Turkey "in solidarity with India's national interest and sovereignty". Indians have been cancelling holidays to Turkey and New Delhi has cancelled the security clearance of the Turkish-based aviation ground handling firm Celebi. Reuters reported on Friday that Air India was lobbying Indian officials to disallow rival IndiGo's leasing tie-up with Turkish Airlines, citing business impact as well as security concerns sparked by Ankara's support for Pakistan.
Time of India
20-05-2025
- Business
- Time of India
Indian boycott of Turkish coffee, chocolates and fashion grows
Small Indian grocery shops and major online fashion retailers are boycotting Turkish products ranging from chocolates, coffee, jams and cosmetics to clothing amid growing anger at Turkey's support for Pakistan in a confrontation with India. Turkish President Tayyip Erdogan expressed public solidarity with Pakistan, after India conducted military strikes in response to an attack in Kashmir by Islamist assailants. Cross-border fighting continued for four days before a ceasefire was declared. On Monday, the All India Consumer Products Distributors Federation (AICPDF), which supplies 13 million mom-and-pop grocery stores, said it was launching an "indefinite and total boycott" of all Turkish-origin goods, which would affect chocolates, wafers, jams, biscuits and skincare products. Indian fashion websites owned by Walmart-backed Flipkart and billionaire Mukesh Ambani's Reliance have removed numerous Turkish apparel brands, according to three sources and a review of their websites. Flipkart's fashion website Myntra removed listings of Turkish brands including Trendyol, known for women's clothing, street and casual wear brand LC Waikiki and jeans producer Mavi, said one source with direct knowledge. Myntra removed the brands "in the national interest" without Walmart's involvement, a second source with direct knowledge said. Reliance's fashion website AJIO also removed Turkish brands including Trendyol, Koton, LC Waikiki from its app, and many of those listings were shown as out of stock on Monday. A source cited "national sentiments" as a reason. Flipkart, Reliance Retail and the Turkish brands Trendyol, LC Waikiki, Koton and Mavi did not respond to requests for comment. India has not ordered companies to boycott Turkey, and India's annual $2.7 billion in goods imports from Turkey are dominated by mineral fuels and precious metals. But a consumer boycott could still be significant. AICPDF said its ban would affect around 20 billion rupees ($234 million) of food products. Apparel imports were worth $81 million last year, according to the Trading Economics reference website. Sukhvinder Singh Sukhu, chief minister of Himachal Pradesh, one of India's biggest apple-growing states, said on Monday he would ask for a ban on apple imports from Turkey, which were worth around $60 million last year. Moreover, last week Flipkart said it was suspending flight, hotel and holiday package bookings to Turkey "in solidarity with India's national interest and sovereignty". Indians have been cancelling holidays to Turkey and New Delhi has cancelled the security clearance of the Turkish-based aviation ground handling firm Celebi. Reuters reported on Friday that Air India was lobbying Indian officials to disallow rival IndiGo's leasing tie-up with Turkish Airlines, citing business impact as well as security concerns sparked by Ankara's support for Pakistan.
Arab News
20-05-2025
- Business
- Arab News
Indian boycotts grow of Turkish coffee, chocolates and fashion
MUMBAI: Small Indian grocery shops and major online fashion retailers are boycotting Turkish products ranging from chocolates, coffee, jams and cosmetics to clothing amid growing anger at Turkiye's support for Pakistan in a confrontation with India. Turkish President Tayyip Erdogan expressed public solidarity with Pakistan, another majority-Muslim country, after India conducted military strikes in response to a militant attack in Indian-administered Kashmir. Cross-border fighting continued for four days before a ceasefire was declared., On Monday, the All India Consumer Products Distributors Federation (AICPDF), which supplies 13 million mom-and-pop grocery stores, said it was launching an 'indefinite and total boycott' of all Turkish-origin goods, which would affect chocolates, wafers, jams, biscuits and skincare products. Indian fashion websites owned by Walmart-backed Flipkart and billionaire Mukesh Ambani's Reliance have removed numerous Turkish apparel brands, according to three sources and a review of their websites Flipkart's fashion website Myntra removed listings of Turkish brands including Trendyol, known for women's clothing, street and casual wear brand LC Waikiki and jeans producer Mavi, said one source with direct knowledge. Myntra removed the brands 'in the national interest' without Walmart's involvement, a second source with direct knowledge said. Reliance's fashion website AJIO also removed Turkish brands, including Trendyol, Koton, LC Waikiki from its app, and many of those listings were shown as out of stock on Monday. A source cited 'national sentiments' as a reason. Flipkart, Reliance Retail and the Turkish brands Trendyol, LC Waikiki, Koton and Mavi did not respond to requests for comment. India has not ordered companies to boycott Turkiye, and India's annual $2.7 billion in goods imports from Turkiye are dominated by mineral fuels and precious metals. But a consumer boycott could still be significant. AICPDF said its ban would affect around 20 billion rupees ($234 million) of food products. Apparel imports were worth $81 million last year, according to the Trading Economics reference website. Sukhvinder Singh Sukhu, chief minister of Himachal Pradesh, one of India's biggest apple-growing states, said on Monday he would ask for a ban on apple imports from Turkiye, which were worth around $60 million last year. Moreover, last week Flipkart said it was suspending flight, hotel and holiday package bookings to Turkiye 'in solidarity with India's national interest and sovereignty.' Indians have been canceling holidays to Turkiye and New Delhi has canceled the security clearance of the Turkish-based aviation ground handling firm Celebi. Reuters reported on Friday that Air India was lobbying Indian officials to disallow rival IndiGo's leasing tie-up with Turkish Airlines, citing business impact as well as security concerns sparked by Ankara's support for Pakistan.
