11 Updates
Indonesian chamber ready to help Indians invest in Indonesia
Photo Credit: SONNY TUMBELAKA, Getty Images

Indonesian chamber ready to help Indians invest in Indonesia

Aug 27 2013, 7:26am CDT | by IANS

Jakarta, Aug 27 (IANS) The Indonesian Chamber of Commerce and Industry (KADIN), alongwith KADIN India Committee, is ready to assist Indian companies expand their presence in Indonesia.

Jakarta, Aug 27 — The Indonesian Chamber of Commerce and Industry (KADIN), alongwith KADIN India Committee, is ready to assist Indian companies expand their presence in Indonesia. This was stated...

Filed under: news

YouTube Videos

 
 
 

47 weeks ago

Indonesian chamber ready to help Indians invest in Indonesia

Aug 27 2013, 7:26am CDT | by IANS

Jakarta, Aug 27 (IANS) The Indonesian Chamber of Commerce and Industry (KADIN), alongwith KADIN India Committee, is ready to assist Indian companies expand their presence in Indonesia.

Jakarta, Aug 27 — The Indonesian Chamber of Commerce and Industry (KADIN), alongwith KADIN India Committee, is ready to assist Indian companies expand their presence in Indonesia.

This was stated Tuesday by Didie W. Soewondho, vice chairman of KADIN, welcoming the Federation of Indian Chambers of Commerce and Industry (FICCI) business delegation to Indonesia led by FICCI president Naina Lal Kidwai. The delegation includes CEOs of leading companies like Modi Enterprises, Indo Rama Synthetics, Mahindra & Mahindra and Tata Motors.

Pointing out how Indian investment in Indonesia has been on an upward trend, Soewondho outlined the areas of infrastructure, manufacturing and energy as potential sectors for Indian companies to invest, a statement by the Indian embassy here said.

Kidwai said the Indian firms on this trip are visiting to explore the plentiful business opportunities the country has to offer throughout a wide spectrum of various industries like energy, tourism, automotive, information technology and business process outsourcing, infrastructure, pharmaceuticals and consumer goods.

"We believe that the full potential for Indian companies in Indonesia has not yet been recognized," Kidwai said.

Foreign direct investment (FDI) from India into Indonesia totalled $78.1 million across 58 projects last year, and has already reached $57.1 million through 59 projects in the first half of this year.

According to Indonesia's Central Statistics Agency, bilateral trade between the two countries was worth $16.8 billion in 2012, and has already reached $7.56 billion over the first half of 2013, which is up 5.9 percent year-on-year over the same period in 2012. The two countries have set a target of $25 billion in bilateral trade by 2015.

Speaking on the occasion, Indian ambassador Gurjit Singh called for adding more substance to the trade relations between the two countries.

"While we have comprehensive free trade agreements with some other countries, with Indonesia, our structure is a bit weak. We want to strengthen that structure through an agreement because Indonesia today is a more important country for our investment and trade," Singh said

Negotiations on an Indonesia-India Comprehensive Economic Cooperation Agreement (II-CECA) began a few years ago.

The Indian business delegation has also met with the Indonesia Investment Coordinating Board for an overview of the investment opportunities and regulatory aspects, the embassy statement said.

IANS

Source: IANS

 
Update
11

21 hours ago

Newmont Mining - Search For Catalysts

Jul 24 2014 1:06pm CDT | Source: SeekingAlpha

By Value Hunters:Newmont Mining Corp (NYSE: NEM) is engaged in the production of gold and copper through its diversified base of mines around the world. It has been unable to break the resistance level of $26 per share in its stock price. This may have been due to the unstable situation in Indonesia as there is a disagreement between the company and the government regarding new export rules. It is also lagging behind with a ...
Source: SeekingAlpha   Full article at: SeekingAlpha
 

 
Update
10

2 days ago

Freeport-McMoRan Inc. Misses as Indonesian Copper Exports Remain Delayed

Jul 23 2014 8:47am CDT | Source: Fool.com

Workers of Freeport McMoRan's gold and c
Freeport-McMoRan beat on revenue but the failure to resume copper exports in Indonesia impacte ...
Source: Fool.com   Full article at: Fool.com
 

 
Update
9

2 days ago

Subianto challenges election result

Jul 22 2014 8:08pm CDT | Source: The Australian

Ramadan Begins In Indonesia
PRABOWO Subianto, who accused election winner Joko Widodo’s team of massive vote fraud is to challenge the results ...
Source: The Australian   Full article at: The Australian
 

 
Update
8

3 days ago

Joko Widodo elected Indonesia’s president

Jul 22 2014 8:57am CDT | Source: FT

Ramadan Begins In Indonesia
Reformist Jakarta governor beats Prabowo Subianto after the self-styled strongman said he would reject the results claiming the poll was un ...
Source: FT   Full article at: FT
 

 
Update
7

3 days ago

Additional charge in Erwiana case

Jul 22 2014 12:07am CDT | Source: The Standard: China's Business Newspaper

The prosecution has laid another charge against a woman accused of abusing her former domestic helper from Indonesia. The woma ...
Source: The Standard: China's Business Newspaper   Full article at: The Standard: China's Business Newspaper
 

 
Update
5

4 days ago

The ‘Ikea indicator’ says buy Indonesia

Jul 21 2014 9:01am CDT | Source: MoneyWeek

A
Swedish retail giant Ikea is about to set up shop in Indonesia. Lars Henriksson explains why that's great news for investors, and how you could profit.The post The ‘Ikea indicator’ says buy Indonesia was first published on MoneyWeek. ...
Source: MoneyWeek   Full article at: MoneyWeek
 

 
Update
4

1 week ago

FINALLY! An Ivy League Anthropology Professor Says Something Intelligent

Jul 18 2014 8:16am CDT | Source: The Daily Caller

Senior Bowl
Lower the damn drinking age and stop being like Pakistan, Indonesia and O ...
Source: The Daily Caller   Full article at: The Daily Caller
 

 
Update
3

1 week ago

Xiaomi Faces Expansion Hurdles in Indonesia, Brazil

Jul 18 2014 4:13am CDT | Source: WSJ.com: Asia Home

Business Groups Discuss Immigration Reform
Xiaomi, the Chinese firm that aims to challenge smartphone titans Apple and Samsung, has met with some growing pains in Indonesia and Bra ...
Source: WSJ.com: Asia Home   Full article at: WSJ.com: Asia Home
 

 
Update
2

1 week ago

ADB cuts Southeast Asia 2014 growth forecast to 4.7 percent

Jul 17 2014 7:52pm CDT | Source: Business Standard

Prince Charles Visits Sony UK Technology Centre
The Asian Development Bank (ADB) has cut its growth forecast for Southeast Asia this year, as the Thai coup, Indonesia's mineral export ban and industrial park riots in ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
1

1 week ago

Death-row gran loses bid to force British government to pay her legal fees

Jul 16 2014 8:55am CDT | Source: Daily Express

New York City Mayor Bill de Blasio Visits His Grandmother's Town Grassano And Receives Honorary Citizenship
A GRANDMOTHER who faces death by firing squad in Indonesia has lost a last-ditch appeal asking the British government to pay for her ...
Source: Daily Express   Full article at: Daily Express
 

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

DG: No survivor in Algerian plane crash, probe launched (Roundup)
Algiers/Paris, July 25 (IANS) Algeria Friday declared a three-day national morning for the victims of the Air Algerie flight AH 5017 that crashed over Mali the previous day with no survivor yet found from the plane wreckage, media reports said.
 
 
Earth missed solar catastrophe just a year back: NASA
Washington, July 25 (IANS) Just a year ago, on July 23, the Earth missed being hit by a giant solar flare from the most powerful storm on the sun in over 150 years, NASA has said in a sensational revelation.
 
 
McDonald's Japan withdraws chicken products of Chinese origin
Tokyo, July 25 (IANS/EFE) The Japanese subsidiary of McDonald's Friday announced the withdrawal of all its chicken products sourced from China, following the expired meat scandal that led to the closure of Chinese meat processing firm Husi.
 
 
Common pesticide puts three generations at health risk
Washington, July 25 (IANS) If your ancestors were exposed to a common pesticide - widely used the world over during the 1970s as a safer replacement for DDT and still in use in many countries - this may lead to adult onset of kidney disease, ovarian disease and obesity in future generations.
 
 
 

Latest from the Network

UN chief seeks Gaza truce for Eid ul-Fitr
Cairo, July 25 (IANS) UN Secretary General Ban Ki-moon Friday called for an unconditional humanitarian ceasefire in the strife-stricken Gaza Strip during the Muslim holiday of Eid ul-Fitr that will begin Monday. "This...
Read more on Politics Balla
 
Ryan Seacrest to host Fashion Rocks
Ryan Seacrest will host 'Fashion Rocks'. The charity event - which will be attended by an impressive array of celebrities - combines the world of fashion with musical performances and will broadcast on US TV network CBS...
Read more on Celebrity Balla
 
Michael Jackson estate sue over auction
Michael Jackson's estate has filed a lawsuit over photographs of the late star. The estate are suing a movie memorabilia store for auctioning off historic photos of the 'Thriller' singer - who died of acute Propofol...
Read more on Celebrity Balla
 
Cher Lloyd worried about telling parents of America move
Cher Lloyd found it difficult to tell her parents she is buying a home in America. The 20-year-old singer - who is married to hairdresser Craig Monk - is planning to settle down in the US but admitted it was difficult...
Read more on Celebrity Balla
 
Dolly Parton always wanted theme park
Dolly Parton always ''dreamed'' of opening a theme park. The '9 to 5' hitmaker admits her Tennessee tourist attraction Dollywood was something she wanted to establish very early in her career as she thought it would be...
Read more on Celebrity Balla
 
DG: No survivor in Algerian plane crash, probe launched (Roundup)
Algiers/Paris, July 25 (IANS) Algeria Friday declared a three-day national morning for the victims of the Air Algerie flight AH 5017 that crashed over Mali the previous day with no survivor yet found from the plane...
Read more on Business Balla
 
Apple Continues To Lose Tablet Share But Does It Matter?
IDC released its estimates for June quarter tablet shipments and except for Lenovo and Tier 3 vendors it wasn’t a pretty picture. Worldwide tablet shipments grew 11% year over year to 49.3 million and declined 2% from...
Read more on Apple Balla
 
CWG: Abhinav Bindra shoots 10m air rifle gold
Glasgow, July 25 (IANS) India's Abhinav Bindra won the gold medal in the 10m air rifle event at the Barry Buddon Shooting Centre here Friday. The silver went to Bangladesh's Abdullah Baki while England's Daniel Rivers...
Read more on Sport Balla
 
Video: Don’t be fooled by this extremely detailed iPhone 6 clone running Android
The iPhone 6 isn’t even out yet and it already has a few clones that mimic its appearance and software very well, with 9to5Google having found a new video hands-on demo of one such device. While the clone is based on...
Read more on Apple Balla
 
Shuttler Sai Praneeth loses in Russia
Vladivostok, July 25 (IANS) The Indian challenge at the $50,000 Russian Open Grand Prix came to an end after shuttler B. Sai Praneeth lost his men's singles quarter-final match here Friday. The sixth seeded Indian...
Read more on Sport Balla