India and Greece have proposed to double their bilateral trade to over €1
billion by 2010 with New Delhi asking Athens to actively participate in its infrastructure
projects to remove the trade imbalance between the two sides.
proposal was made at a meeting between President A P J Abdul Kalam and his Greek
counterpart Karolos Papoulias and the Greek prime minister Kostas Karamananlis
two countries have pledged to increase bilateral trade from the €540 million
recorded last year to one billion euros by the turn of the decade, Kalam said.
also identified seven critical areas of joint scientific research - from nuclear
power to stem cell research - that could enable India and Greece to enhance their
strengths for development and marketing of their products in the world market.
top scientists at the National Centre for Scientific Research, better known as
Demokritos, Kalam said India is well on way to becoming a knowledge society, having
undertaken cutting research in key areas like information and communication technology,
bio-informatics, nano-technology and healthcare, including drug delivery systems.
The seven areas
identified for joint research were energy, nuclear power, proteomics, vaccines
against HIV/AIDS, stem cell research, earthquake forecasting and rainfall detection.
''The core competence
of India and Greece can be identified by a joint task team which will enable establishment
of collaborative ventures for synergising the strengths of two nations leading
to the design, development, production and marketing of products and systems in
the world market, the president said.
is indeed very good at infrastructure building, so Greece and India will be partners"
in creating infrastructure, he noted, adding that the country could be a good
partner for India''s infrastructure quest.
has evinced keen interest in India''s shipping and tourism sectors and sought air
connectivity between the two countries at the earliest, according to Nalin Surie,
secretary (west) of the external affairs ministry.
hope this would be solved as and when the capacity and load factors are worked
out," Surie added.
said trade between the two countries is weighted heavily against Greece, adding
that it has been brought to the notice of Greek authorities that India''s exports
accounted for nearly 480 million euros of the total trade of 540 million euros
said while i-Flex, an Indian software company, has decided to
start a venture in Greece, "we also sought the setting up of their companies
said Kalam''s meetings with Greek leaders would help strengthen bilateral ties.