Business Economy


SICCI holds Executive Round Table on doing business with Indonesia

Chennai, Apr 26 (UNI) The Southern India Chamber of Commerce and Industry (SICCI)
organized an Executive Round Table on Doing Business with Indonesia at the Indonesia
Trade Promotion Center in Chennai on Saturday.
Speaking on the occasion, SICCI Vice-President AMPA Palaniappan highlighted that
Tamils have a long history in Indonesia.
After Rajendra Chola I's invasion of the Srivijaya Empire in 1024–1025, there was a
noticeable increase in Tamil economic activity in Southeast Asia, including Indonesia.
"It was now time to diversify the solidly grounded Tamil cultural linkages to also include
business and trade including automotive and auto components, ICT, Aerospace and
defense among others. Further, other sectors such as Renewable Energy, Pharma
and Tourism too were priority sectors for our focus", he said.
Ms. Ina H. Krisnamurthi, Ambassador of Indonesia to India, said Indonesia was
maintaining its strong showing as an investment destination, with strong institutions,
infrastructure, consistent macroeconomic stability, good health, primary and higher
education, goods market and labour market efficiency, adequate financial market
sophistication and technological readiness.
She expressed her hope in the engagement with Tamil Nadu on a deeper level
and invited a business delegation to the Indonesian Trade Expo in October this
year.
The Ambassador also attended the opening of the new premises of the Indonesia
Trade Promotion Centre and the launch of the first experience center.
UNI GV 1715
More News

Microsoft denies misuse of AI, Azure in Gaza conflict

17 May 2025 | 8:24 PM

Washington, May 17 (UNI) Responding to growing concerns among employees and the public, Microsoft Corporation has stated that it found no evidence its Azure cloud or artificial intelligence technologies were used by the Israeli military to target civilians or cause harm in the ongoing conflict in Gaza.

see more..
IOB signs MoU with IIBF

IOB signs MoU with IIBF

17 May 2025 | 7:17 PM

Chennai, May 18 (UNI) The Indian Overseas Bank (IOB) signed a MoU with Indian Institute of Banking and Finance (IIBF) on Saturday for customized e-learning and certification program on MSME.

see more..
Kottayam-Kochi rubber market rates

Kottayam-Kochi rubber market rates

17 May 2025 | 3:01 PM

Kottayam, May 17 (UNI) Following were the Rubber Market rates announced by the Rubber Board here today per quintal
Kottayam
RSS FOUR: 19650
RSS FIVE : 19250
Kochi
RSS FOUR : 19650
RSS FIVE : 19250
UNI PA BD.

see more..
Sensex soars 2876 12 points during the week

Sensex soars 2876 12 points during the week

17 May 2025 | 11:46 AM

Mumbai, May 17 (UNI) The BSE Sensex posted huge gains of 2,876.12 points or 3.62 per cent to settle at 82,330.59 during the week ended on Friday driven by easing geopolitical tensions after a ceasefire between India and Pakistan, softening retail and wholesale inflation, amid positive global cues.

see more..

ReNew to set up INR 22k Cr hybrid renewable energy project in Andhra Pradesh

17 May 2025 | 12:00 AM

Anantapur (Andhra Pradesh), May 16 (UNI) ReNew Energy Global Plc (“ReNew”), a leading decarbonisation solutions company, on Friday announced it will invest INR 22,000 crore (US $2.5 billion) to set up one of India’s largest hybrid renewable energy projects in the district.

see more..