Indonesia Invites Indian Investments In Infrastructure

Indonesia has also invited Indian industrialists to invest in infrastructure sectors, and also check out the source of many products other than coal, to expand bilateral trade and investment between the two countries, said the envoy Saturday.

"Indonesia is not only a major coal producer. We have the resources from other countries such as India is able to look at. We want to grow in India and Indonesia bilateral trade agreements to $ 25 billion by 2015 from current $ 13 billion," Indonesian Ambassador to India Andi M. Ghalib said at a meeting here organized by the Confederation of Indian industrialists Industry (CII).

32 Referring to the Memorandum of Understanding (MOU) signed between India and Indonesia earlier this year, he said 18-business-to-business investment / commercial potential of approximately $ 16 billion.

Inviting Indian industrialists to invest in infrastructure sectors in Indonesia, said Ghalib discussions between the two countries on the signing of the Comprehensive Economic Cooperation Agreement (CECA) will take place.

Investment Bank cooperation between the two countries is also growing year. Indian investment in Indonesia has increased to $ 2007 11600000 $ 44 million by 2010.

Indian investment has a number of industries including mining, automotive and white goods, clothing, agriculture and chemicals.

India is Indonesia's largest buyer of crude palm oil importer, and mining, petroleum and paper products.

For its part, India's exports of refined oil products, wheat, rice, sugar and steel to Indonesia.

According to Ghalib, the creation of two states, the process of Eminent Persons Group (EPG) to develop the "Vision 2025" for the Indonesian and Indian strategic partnership.

EPG direction of further progress and prepare a blue print of Indonesia and India relations over the next 15 years.

Ghalib said Garuda Airlines landing rights in India is a discussion a couple of big Indian cities.