Indonesia targets 50 billion USD bilateral trade with India by 2025
Indonesia is eyeing a 50 billion USD bilateral trade with India by 2025, as the figure has already reached 20 billion USD last year.
Bali is a hot tourism destination in Indonesia.(Photo: Jakarta Globe)Consul General of Indonesia in India Agus P. Saptono said that his country is keen on enhancing trade and investment ties with India in the areas of information technology, health and pharmaceuticals, agro products, automotive components and tourism related projects.
Speaking to BusinessLine on the sidelines of a meeting with officials of Kerala Chamber of Commerce and Industry on February 8, he said Indonesia is looking at increasing the spices trade from India that included cloves, nutmeg, pepper, vanilla etc. Indonesia sees India as a good investment destination and looking at a comprehensive economic partnership for the mutual benefit of the two countries.
The state of Kerala also offers good opportunities to build trade ties with Indonesia especially in the sectors of tourism promotion, spices production, furniture exports.
According to him, Indonesian exports to India are mainly textiles, electronic goods, footwear and sawn timber, while chemicals, pharmaceuticals, machines and motor vehicles, automotives are the major imports from India to Indonesia.
Besides, Indonesian companies have significantly invested in the food processing sector in India, he added./.
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