Economy

Turkey focused on future technology: Industry minister

Country to support firms' R&D and P&D activities, Turkish industry and technology minister tells Uludag Economy Summit

Gokhan Ergocun   | 25.03.2021
Turkey focused on future technology: Industry minister

ISTANBUL

Turkey is following future technologies closely, with roadmaps for areas such as artificial intelligence, health, and 5G now ready, the industry and technology minister said on Thursday.

Turkey will support research and development (R&D) and product development (P&D) activities with a new package starting on Thursday, Mustafa Varank told the Uludag Economy Summit, a major international economy event.

Under this package, firms will benefit from the support of up to 6 million Turkish liras ($756 million), he added.

The two-day event – with Istanbul hosting this year due to the pandemic rather than the ski resort of Bursa – began on Wednesday both physically and virtually with the theme "Are We Ready for the New World?"

Organized by Turkish magazines Capital and Ekonomist since 2012, the summit focuses on industry, trade, manufacturing, finance, energy, agriculture, and technology.

Varank underlined that under its technology policy, Turkey prioritizes planned industrial infrastructure.

Turkey has 325 organized industrial zones, he said.

Touching on Turkey's electric vehicle project, the TOGG, he stressed that its first car will be produced at the end of next year.

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