Friday, August 7, 2009

More India companies will invest in Indonesia


Five years from now, on 2014, India believes that trade cooperation between India and Indonesia will reach US$ 20 billion. This is an extraordinary leap, considering the investment of two coountries of 5 years ago only US $ 4 billions. "We have a good trade. Achieves US$ 10 billion (this year)," said Rajive Kaul, Chairman of the India Trade Mission delegation, after a meeting with Indonesia Minister of Industry Fahmi Idris in Jakarta, Thursday (6 / 8).

According to the Rajive also a leaders of NICCO Corporation Ltd., up to now India investment to Indonesia  around 2 billion U.S. dollars. The Indian companies are constantly looking for opportunities to invest in Indonesia. "We are assisted by both the government sector to be able to find new investment, ie, the energy sector, information technology, and in the textile sector," he said. Rajive increasingly optimistic in cooperation with Indonesia because of the two countries together have a good business climate. Both have good economic growth and democracy have a conducive condition. "And of course have a good population," said Rajive.

Indonesia population around 230 million while India population as many as 1.1 billion people. For it, India is felt confident held the Made in India Trade Fair on 10 August 2009 in Balai Kartini Jakarta. "We feel confident for tomorrow. We see this as a good flow in the trade and investment and for technology industrialist," said Rajive.

Indian companies that planned to participate is Nicco Corporation Ltd., Confederation of India Industry, ICS Group, Jetline Group of Companies, Kirloskar Electric Company, Consultacy Tata Services, Tata International Ltd., Titan Industries Ltd., WAS Industries Ltd., Futurelinks International Pte ltd. These companies main business are in the field of moving transport equipment, electronic equipment and supplies, software, packaging, construction, jewelry, watches, chemicals, handicrafts, hydropower, infrastructure development, both in the scale of small, medium and large.