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| Mari Elka pangestu(Indonesian Minister) |
India and Indonesia enjoy a very warm and strategic partnership in the region.In 2005,both the countries set a target of achieving $ 10 billion trade turnover. As the global economy is still in the recovery stage and the western countries are still grappling with various economic issues, this provides a huge opportunity to both India and Indonesia to capitalize on the situation. Both the nations need to have a more diversified basket of goods and services to take the economic partnership between both the countries to a new level. India-Indonesia trade has alredy touched $ 10 billion during January-October 2020 and cold cross $ 12 billion by the year end. This target is likely to be doubled to $24 billion when the Indonesian president Susilo Bambang Yudhoyona visits India to be the chief guest at the Republic Day parade on January-2011 and also holds talks with Prime Minister Dr Manmohan singh..
Mari Elka Pangestu,Indinesian Minister of Trade said that Indonesia offers potential and opportunity in the automobile sector, textiles, engineering products- heavy machinery being a good area for cooperation-electronics, consumer products, processed and manufactured goods, pharmaceuticals, creative industry mining, agro-based products,oil and gas, mining support services, rubber goods, infrastructure and real estate. Indonesian Minister said that India will be the number one investor in Indonesia in the next few years.
Prof.John Kurakar
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