360° Coverage : Indonesian chamber ready to help Indians invest in Indonesia

10 Updates
Indonesian chamber ready to help Indians invest in Indonesia
Photo Credit: SONNY TUMBELAKA, Getty Images

Indonesian chamber ready to help Indians invest in Indonesia

Aug 27 2013, 7:26am CDT | by IANS

Jakarta, Aug 27 (IANS) The Indonesian Chamber of Commerce and Industry (KADIN), alongwith KADIN India Committee, is ready to assist Indian companies expand their presence in Indonesia.

Jakarta, Aug 27 — The Indonesian Chamber of Commerce and Industry (KADIN), alongwith KADIN India Committee, is ready to assist Indian companies expand their presence in Indonesia. This was stated...

Filed under: news

YouTube Videos

 
 
 

1 year ago

Indonesian chamber ready to help Indians invest in Indonesia

Aug 27 2013, 7:26am CDT | by IANS

Jakarta, Aug 27 (IANS) The Indonesian Chamber of Commerce and Industry (KADIN), alongwith KADIN India Committee, is ready to assist Indian companies expand their presence in Indonesia.

Jakarta, Aug 27 — The Indonesian Chamber of Commerce and Industry (KADIN), alongwith KADIN India Committee, is ready to assist Indian companies expand their presence in Indonesia.

This was stated Tuesday by Didie W. Soewondho, vice chairman of KADIN, welcoming the Federation of Indian Chambers of Commerce and Industry (FICCI) business delegation to Indonesia led by FICCI president Naina Lal Kidwai. The delegation includes CEOs of leading companies like Modi Enterprises, Indo Rama Synthetics, Mahindra & Mahindra and Tata Motors.

Pointing out how Indian investment in Indonesia has been on an upward trend, Soewondho outlined the areas of infrastructure, manufacturing and energy as potential sectors for Indian companies to invest, a statement by the Indian embassy here said.

Kidwai said the Indian firms on this trip are visiting to explore the plentiful business opportunities the country has to offer throughout a wide spectrum of various industries like energy, tourism, automotive, information technology and business process outsourcing, infrastructure, pharmaceuticals and consumer goods.

"We believe that the full potential for Indian companies in Indonesia has not yet been recognized," Kidwai said.

Foreign direct investment (FDI) from India into Indonesia totalled $78.1 million across 58 projects last year, and has already reached $57.1 million through 59 projects in the first half of this year.

According to Indonesia's Central Statistics Agency, bilateral trade between the two countries was worth $16.8 billion in 2012, and has already reached $7.56 billion over the first half of 2013, which is up 5.9 percent year-on-year over the same period in 2012. The two countries have set a target of $25 billion in bilateral trade by 2015.

Speaking on the occasion, Indian ambassador Gurjit Singh called for adding more substance to the trade relations between the two countries.

"While we have comprehensive free trade agreements with some other countries, with Indonesia, our structure is a bit weak. We want to strengthen that structure through an agreement because Indonesia today is a more important country for our investment and trade," Singh said

Negotiations on an Indonesia-India Comprehensive Economic Cooperation Agreement (II-CECA) began a few years ago.

The Indian business delegation has also met with the Indonesia Investment Coordinating Board for an overview of the investment opportunities and regulatory aspects, the embassy statement said.

IANS

Source: IANS

 
Update
10

2 days ago

Joko Widodo sworn in as Indonesia's new president

Oct 20 2014 2:49am CDT | Source: Townhall's

JAKARTA, Indonesia (AP) — Joko Widodo completed a journey from riverside shack to presidential palace on Monday, cheered through the streets. ...
Source: Townhall's   Full article at: Townhall's
 

 
Update
9

1 week ago

Kristof Gets It Wrong

Oct 9 2014 5:21pm CDT | Source: Politics - The Huffington Post

I am a big fan of Nicholas Kristof so I was disappointed by his argument with Sam Harris and Bill Maher and his defense of his position in his New York Times column today, "The Diversity of Islam." In it he restates his case, the essence of which is: just because some Muslims are bad doesn't mean all Muslims are bad and therefore we shouldn't criticize them. This misses the point of what Harris and Maher were saying. Some ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
8

3 weeks ago

Party of Indonesia president-elect denied parliament speaker role

Sep 29 2014 7:01am CDT | Source: Townhall's

JAKARTA (Reuters) - Indonesia's highest court on Monday rejected a legal challenge by president-elect Joko Widodo's party to ...
Source: Townhall's   Full article at: Townhall's
 

 
Update
7

3 weeks ago

Indonesia province to punish gay sex by caning

Sep 27 2014 1:48am CDT | Source: Townhall's

BANDA ACEH, Indonesia (AP) — Lawmakers in a conservative Muslim Indonesian province passed a law Saturday that punishes ...
Source: Townhall's   Full article at: Townhall's
 

 
Update
6

4 weeks ago

Indonesian province considers caning for gay sex

Sep 24 2014 4:27am CDT | Source: Townhall's

BANDA ACEH, Indonesia (AP) — Men and women caught having homosexual sex could be publicly caned in Indonesia's conservative Ace ...
Source: Townhall's   Full article at: Townhall's
 

 
Update
4

4 weeks ago

Getting Energy Subsidies to Work in Favor of the Environment

Sep 17 2014 2:26pm CDT | Source: Politics - The Huffington Post

Free market economics is based on the equilibrium of supply and demand, in which incentives naturally align to optimize the price of goods and services. Yet often our "free market" doesn't operate properly, resulting in market failures in which resources are not allocated efficiently. Because our economic system doesn't properly value scarce natural resources, environmental services and goods are often the most vul ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
3

7 weeks ago

Monkey Cage: World values lost in translation

Sep 2 2014 3:21pm CDT | Source: Post Politics: - The Washington Post

At the dawn of the 21st century, the Vietnamese were the most authoritarian people in the world, according to the World Values Survey. Ninety-nine percent of the survey’s respondents in Vietnam in 2001 said they favored military rule. So did 96 percent of the survey’s sample in Indonesia and five sixths of respondents in Albania in 1998 and Iran in 2000. In the next round of the survey only a few years ...
Source: Post Politics: - The Washington Post   Full article at: Post Politics: - The Washington Post
 

 
Update
2

7 weeks ago

Report: ISIS Reaches Asia

Aug 28 2014 10:08pm CDT | Source: Big Government

From The National Interest: In places across Indonesia, small collections of political Islamists have “openly pledged their allegiance” to the extremist terrorist group, the Islamic State (IS). One of those who have voiced their support is Abu Bakar Bashir, the founder of the extremist Indonesian terrorist group Jemaah Islamiyah (JI) responsible for the deadly bombings during the 2000s, including the Bali nightclub bombing in 2002, the Marriott bombing in 2003, the Austral ...
Source: Big Government   Full article at: Big Government
 

 
Update
1

8 weeks ago

Australia and Indonesia mending intel differences

Aug 27 2014 4:31am CDT | Source: Townhall's

CANBERRA, Australia (AP) — Australia and Indonesia have reached a new agreement on how they'll use their intelligence operations in the f ...
Source: Townhall's   Full article at: Townhall's
 

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

Turkey still negotiating on Kurdish Peshmerga help for Kobane
Ankara, Oct 22 (IANS/EFE) The Turkish government is still negotiating permission for the Kurdish Peshmerga troops from Iraq to cross through its territory to aid the Syrian city of Kobane which has been besieged for weeks by the Islamic State (IS) terrorist group, Turkish media reported Wednesday.
 
 
Sydney Opera House lights up for Diwali
Sydney, Oct 22 (IANS) The Sydney Opera House was lit up in a vibrant orange colour to celebrate Diwali, the Indian festival of lights.
 
 
\25 get jail terms in Egypt terror case
Cairo, Oct 22 (IANS) A court in Egypt Wednesday sentenced 25 people convicted of terrorist activities to various terms of imprisonment. One person aws acquitted.
 
 
North Korea releases detained American
Pyongyang, Oct 22 (IANS) North Korea has released detained American Jeffrey Edward Fowle and handed him over to the US, state media reported Wednesday.
 
 
 

Latest from the Network

European Champions League standings
Paris, Oct 22 (IANS) Following are the European Champions League standings for Groups E to H after Tuesday's matches (tabulated under matches played, won, drawn, lost, goals for, against, points), according to Xinhua...
Read more on Sport Balla
 
Rogerio set to break Giggs world record
Rio de Janeiro, Oct 22 (IANS) Sao Paulo goalkeeper Rogerio Ceni is one victory away from earning his fourth Guinness World Record by eclipsing a mark held by Manchester United legend Ryan Giggs. The 41-year-old will...
Read more on Sport Balla
 
Ryan Reynolds can't keep his hands off Blake Lively
Ryan Reynolds was ''really sweet'' to Blake Lively at the Angel City Ball. The couple, who got married in September 2012, made their first red carpet appearance together in New York City on Monday night (10.20.14) since...
Read more on Celebrity Balla
 
Kris Jenner doesn't know who Bruce Jenner is dating
Kris Jenner has ''no idea'' whether Bruce Jenner is dating her best friend. The 58-year-old reality TV star, who split from the Olympic gold medallist last October after 23 years of marriage, claims she doesn't know if...
Read more on Celebrity Balla
 
When Rihanna dressed like 'Harry Potter'
New York, Oct 22 (IANS) Singer Rihanna was spotted here in a Harry Potter style costume. She wore the wizard-like get-up while heading for a business meal here Monday, reports mirror.co.uk. The 26-year-old combined a...
Read more on Celebrity Balla
 
Germany raises humanitarian aid to Iraq
Berlin, Oct 22 (IANS) Germany has pledged a further 20 million euros (about 25.5 million dollars) in humanitarian aid to Iraq, the foreign ministry said in a statement Tuesday. The additional funds are immediately...
Read more on Politics Balla
 
India calls on Israel, Palestine to resume peace process
United Nations, Oct 22 (IANS) India has called upon Israelis and Palestinians to resume the peace process as "dialogue remains the only viable option" to address the issues confronting the region. In a brief statement...
Read more on Politics Balla
 
Airstrikes help ground forces fight IS: Pentagon
Washington, Oct 22 (IANS) Kurdish forces are in control of the majority of the Syrian city of Kobane despite efforts by the Islamic State (IS) to take the town, a spokesperson for US defence department said Tuesday....
Read more on Politics Balla
 
Palestine, Israel urged at UN to halt unilateral initiatives
United Nations, Oct 22 (IANS) UN Secretary-General Ban Ki- moon Tuesday called on Palestine and Israel to overcome differences and halt unilateral initiatives that fuel mistrust, so as to pursue long-term stability in...
Read more on Politics Balla
 
China urges Israel to create conditions for peace
United Nations, Oct 22 (IANS) Chinese government has called on Israel to create necessary conditions for the resumption of peace talks with Palestine. At an open debate of the Security Council on the situation of the...
Read more on Politics Balla