Mahindra & Mahindra, Dabur India, and Jubilant FoodWorks—have publicly stated that they are proceeding with their investments and operations “as usual”.
India vs Turkey business impact: After India conducted Operation Sindoor against Pakistan, destroying the terror camps in Pakistan, tensions between India and Turkey escalated as Ankara offered diplomatic and military support to Pakistan. The trends of ‘Boycott Turkey’ trended across the country and as consequently, the government of India announced various actions against Turkey included the Bureau of Civil Aviation Security (BCAS) indefinite stripping of security clearance from Turkish ground-handling firm Çelebi.
However, as things turn out, major Indian companies which have significant business interests in Turkey—such as Mahindra & Mahindra, Dabur India, and Jubilant FoodWorks—have publicly stated that they are proceeding with their investments and operations “as usual”. Here are all the details you need to know about the recent development.
As a response to the Turkish support to Pakistan during the recent India-Pakistan tensions, but the recent reports are saying that nothing has really happened. Reports have it that Mahindra & Mahindra (M&M), Dabur India, and Jubilant FoodWorks, the companies having with significant business interests in Turkey have said that it’s business as usual, with no plans to alter course despite the geopolitical chill.
Centre directs IndiGo to end aircraft lease pact with Turkish Airlines
In a stern message to Turkey for supporting Pakistan, which openly harbours terrorists, the government on Friday directed low-cost airline IndiGo to end its aircraft lease agreement with Turkish Airlines within three months.
IndiGo, which leased and operates two Boeing 777s from Turkish Airlines, had a permit until May 31 and had sought an extension from the Civil Aviation Ministry for six months. The ministry has now refused to allow this, according to multiple reports.
A statement from the ministry, however, said that “to avoid passenger inconvenience due to immediate flight disruption”, IndiGo has been granted a three-month extension till August 31.
(With inputs from agencies)
