Turkey's Independent Industrialists and Businessmen Association (MUSIAD) opened Sunday a new office in India, one of the five countries Turkish President Recep Tayyip Erdogan had set as a goal for.

The new office will largely contribute to the bilateral ties of Turkey and India, said Ibrahim Uyar, head of MUSIAD's foreign organization and development commission.

He added that there was an imbalance in economic cooperation between the two countries.

Out of a total $6 billion imports to India, only $760 million were from Turkey.

“It is very important to balance the gap. The biggest aim of MUSIAD India office will be to reduce this imbalance,” he said.