1 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

Full Story below YouTube Videos

 
 

 

34 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

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

Prefabulous World: Energy-Efficient And Sustainable Homes Around The Globe
Recently, I interviewed Sheri Koones, author of the new book titled Prefabulous World: Energy-Efficient and Sustainable Homes Around the Globe, which features sophisticated examples of eco-friendly home design in...
 
 
Note to Airlines: Start Talking to Your Customers
When it comes to air travel, there’s certainly no shortage of bad customer stories. A report released last week by the U.S. PIRG Education Fund pored through five years of airline passenger complaints to the Department...
 
 
Apple Splits Stock 7-For-1, Will Splash $130B In Cash On Investors
Talk about burying the lede. Apple announced a 7-for-1 stock split Wednesday, but not until the last sentence of a press release heralding an upsized capital return program to $130 billion and alongside the company’s...
 
 
John Baker's Desire2Learn Is Leading Education Transformation
A Series of Forbes Insights Profiles of Thought Leaders Changing the Business Landscape:  John Baker, Founder and CEO, Desire2Learn… Desire2Learn (D2L) is transforming education through technology.  The Waterloo,...
 
 
 

Latest from the Network

Prefabulous World: Energy-Efficient And Sustainable Homes Around The Globe
Recently, I interviewed Sheri Koones, author of the new book titled Prefabulous World: Energy-Efficient and Sustainable Homes Around the Globe, which features sophisticated examples of eco-friendly home design in...
Read more on Business Balla
 
Note to Airlines: Start Talking to Your Customers
When it comes to air travel, there’s certainly no shortage of bad customer stories. A report released last week by the U.S. PIRG Education Fund pored through five years of airline passenger complaints to the Department...
Read more on Business Balla
 
Apple Splits Stock 7-For-1, Will Splash $130B In Cash On Investors
Talk about burying the lede. Apple announced a 7-for-1 stock split Wednesday, but not until the last sentence of a press release heralding an upsized capital return program to $130 billion and alongside the company’s...
Read more on Business Balla
 
John Baker's Desire2Learn Is Leading Education Transformation
A Series of Forbes Insights Profiles of Thought Leaders Changing the Business Landscape:  John Baker, Founder and CEO, Desire2Learn… Desire2Learn (D2L) is transforming education through technology.  The Waterloo,...
Read more on Business Balla
 
Fitness For Duty: Exercise Can Make You A Better Leader
Okay. Even with a few late snows, spring is officially here. Birds are chirping. Trees and flowers are blossoming, The weather’s warming up. We’re running out of excuses for not beginning some sort of regimen to trim...
Read more on Business Balla
 
One League's Strategy To Keep Youth Sports Fun: Let Kids Play In Costumes
The Arkansas United Soccer Club has come upon, I think, what is a great idea for any youth sports organization preaching that it wants kids to have fun: putting on games in which its players dress in costume, rather...
Read more on Business Balla
 
New Research Reveals How Africa Tweets
Twitter activity in Africa during the last quarter of 2013 peaked on the day of Nelson Mandela’s death, according to How Africa Tweets, a new study analyzing Twitter activity on the continent. In an interview with Allan...
Read more on Business Balla
 
Succession Planning Is Every Leader's Job
Though most companies conduct some sort of succession planning process, few executives feel that they have adequate bench strength. As a result, according to a 2009 study, only a little more than 60% of first level...
Read more on Business Balla
 
Is Amazon's HBO Deal All It's Cracked Up To Be?
Amazon.com made a big deal Wednesday morning about its licensing agreement with Time Warner's Home Box Office. It may be a while before the agreement is really meaningful. The deal allows Amazon’s Prime Instant Video...
Read more on Business Balla
 
Best Of FORBES: Amazon-HBO Deal And Should Amgen Break Itself Up?
FORBES hosted a Twitter Chat on Wednesday with author and contributor Micheline Maynard. She answered reader’s questions on the American auto industry. Read the recap here and check out her new e-book, Curbing Cars: ...
Read more on Auto Balla
 
 
Auto Balla Sexy Balla Sport Balla TV Balla Politics Balla Movie Balla Apple Balla Business Balla Ad Balla Celebrity Balla