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Business Economy

Indonesia keen to enhance trade, investment ties with India: Consul General

Hyderabad, Oct 6 (UNI) Consul General of the Republic of Indonesia in Mumbai, Mr. Agus Prihatin Saptono, on Tuesday stated that Indonesia is keen to enhance the trade and investment ties with India in the areas IT, Health and Pharma, agro products, automotive components and tourism.
On his first maiden visit to the Federation of Telangana Chambers of Commerce and Industry (FTCCI) here, Mr Prihatin said that the objective of his visit was to meet, interact and understand the potential sector for enhancing the trade between the two countries.
He discussed with FTCCI on the major products they trade with India.
Indonesian exports to India consist of Textiles, Electronic Goods, Foot-Wear and Sawn timber, while Indonesia imports from India include Chemicals, Pharmaceuticals, Machines and Motor Vehicles.
Tourism could also be one sector that has a huge potential for both Indonesia as well as for India, he mentioned and said that Indonesian companies especially in the food processing and construction sector have invested in India.
He mentioned online meetings in the sectors of Furniture, Spices, Food Processing to be held and sought participation of industry, for exploring business opportunities.
He also invited participation in Virtual Trade Expo Indonesia scheduled on November 10 to 16, 2020.
The focus sector of the Trade Expo i.e. Indonesian export products ranging from industrial, mining, agricultural to craft sectors, are all key sectors in Indonesia and encouraged strong B2B partnerships, he informed.
He also mentioned that India and Indonesia set USD 50 billion trade targets by 2025. Indonesia is India’s largest trade partner in goods in the ASEAN region.
Our bilateral trade crossed USD 20 billion last year, he said and suggested providing information on the construction bidding process, so as to invite participation from Indonesian companies.
There was a suggestion for exploring the possibility of starting a direct flight from Hyderabad to the capital of Indonesia, for enhancing the trade between the two countries, more particularly tourism, he added.
FTCCI President Ramakanth Inani, said that FTCCI has been working very closely with the Indoneisan agencies in India for enhancing the trade between the two countries more particularly with the State of Telangana.
He mentioned that Telangana State has been growing consistently and there are great opportunities to expand trade and investment, particularly in the pharma, agro and food processing, information technology, tourism, logistics, energy and manufacturing sectors.
State of Telangana has set up a T-Hub, a unique platform for entrepreneurs, mentors, investors and academia to interact and collaborate, the President added.
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Zydus Cadila receives final approval from USFDA for Propafenone Hydrochloride Extended-Release Capsules

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