Erdogan: Türkiye to Direct Resources worth 30 Billion Dollars to High Technology Investments
Speaking at the unveiling ceremony of the High Technology Incentive Program (HIT-30) in Istanbul, he said Türkiye aims to become a regional production hub in battery production capacity and offer $4.5 billion worth of incentive package to investors.
The country is also launching a $5 billion worth of incentive package to increase its production capacity in the automotive sector to at least one million units per year, Erdogan said.
For five years, Ankara will meet half of personnel expenses of new centers to be established in the country by world's top 1,000 companies in terms of R&D, he added.
“We aim to support the manufacturing of critical components and offshore turbines in wind energy and build an indigenous wind energy brand," the president said.
Türkiye will provide grant support of up to $8,000 per megawatt for cell investments aimed at establishing a 15-gigawatt capacity in solar energy, he said.
The government paved the way for global automotive companies and other large-scale vehicle manufacturers to direct their electric vehicle investments to Türkiye, Erdogan said.
“We aim to bring at least $20 billion of private sector investment to our country, which will contribute greatly to our development journey in the fields of technology," he added.
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