Ankara, Sept 17: The Confederation of Indian Industry has signed a Memorandum of Understanding with Turkey's Union of International Contractors (UIC) to promote mutually beneficial construction, engineering and development projects. Under the MoU, they would exchange information on markets and activities of both organisations' member companies and recommend eligible member companies for the joint promotion of prospective projects in both India and Turkey or third countries.

The MoU, signed by CII president Anand G Mahindra and UIC vice president Ali Kantur here yesterday, also envisages utilisation of the financial and technological capacities of both sides, supporting creation and development of bilateral cooperation by permitting them to work together in respective and third countries. Bureau Report