CII CEOs delegation to visit Indonesia from July 18-19
15 July, New Delhi
Dr Naushad Forbes, President, Confederation of Indian Industry (CII) will lead a high profile delegation of Indian CEOs to Jakarta, Indonesia from July 18 -19.
The two-day visit aims to enhance economic engagement between the two countries considering the huge potential which still remains untapped and new opportunities that have emerged.
The visit is also a follow up on the discussions held during the visit of Mr Ignasius Jonan, Minister of Transportation of Indonesia to India in February 2016 for Make in India Week.
Ambassador of India to Indonesia and Timor Leste Nengcha Lhouvum said the leaders of both countries have strategic visions and that the visit is timely to enhance the economic engagement.
With a bilateral trade of 15.9 billion dollar in 2015-16, Indonesia has emerged as the largest trading partner of India in the ASEAN region. “There is considerable potential for expanding trade between the two countries in the areas of automotive components, automobiles, engineering products, IT, pharmaceuticals, bio-technology and healthcare sectors”, stated Dr Forbes.
The overall investment scenario in Indonesia is very encouraging. It is an attractive destination for Indian investment in the region. There are about 50 Indian investments, Joint Ventures in Indonesia with significant investments in infrastructure, power, textiles, steel, automotive, mining machinery, banking and consumer goods sectors.
“This visit comes at a very opportune time. Both India and Indonesia are striving to make major socio-economic transformation through new economic initiatives. Indonesia as the largest economy in ASEAN can lend critical traction to India’s Act East Policy”, said Chandrajit Banerjee, Director General, CII.
The CII delegation includes Indian industry members keen to expand their local presence and others who are interested in establishing a local presence, including in some cases in manufacturing.
During the two-day visit, the delegation will call on Indonesian Minister of Trade, Minister of Industry, Minister of Transportation, Cabinet Secretary, Deputy Chairman BKPM and have interactions with Chairmen and members of the Chamber of Commerce and Industry (Kadin) Indonesia and the Indonesian Employers Association (Apindo).
The visit will also include Business Meeting with the Jakarta Government and will have sectoral presentations on specific sectors like Waste Water Treatment and Management, Renewable Energy, IT etc. With Governor of Jakarta as the Chief Guest, the Business Meeting will provide a platform for Indian industry to understand specific areas for collaboration.