India and Turkey have set a trade target of 10 billion US dollars for the next ten years. The two nations have also pledged to extend their bilateral trade beyond the set target of 5 billion US Dollars by 2012. This was decided between the meeting of Minister of State for Commerce and Industry Jyotiradtiya Scindia and his Turkish counterpart Mr. Nehat Ergun in Istanbul. The two nations have also set up a Joint Study Group to look at the feasibility of a Free Trade Agreement.Addressing Captains of Industry in Istanbul, Mr. Scindia, said that their are various mutual investment opportunities between the two nations including energy security, infrastructure development, automotives, and engineering industry fields. He said that India is making concerted efforts to extend co-operation in the Middle East, Central Asia and the Caspian Region.