360° Coverage : Central Java to facilitate Indian investment

Central Java to facilitate Indian investment

Jakarta, Oct 31 (IANS) The government of Central Java in Indonesia will facilitate Indian investment in the province, especially in sectors such as manufacturing, infrastructure and tourism.

Oct 31 2013, 4:24am CDT | by IANS

Central Java to facilitate Indian investment
Photo Credit: , Getty Images

Jakarta, Oct 31 — The government of Central Java in Indonesia will facilitate Indian investment in the province, especially in sectors such as manufacturing, infrastructure and tourism.

Governor Ganjar Pranowo during a meeting Wednesday in the capital Semarang with ambassador Gurjit Singh also voiced his keenness to have more cooperation in the fields of culture and education.

The Indian envoy was leading a 15-member India Business Forum (IBF) delegation to Central Java after the election of the new governor recently.

A Business Roundtable of IBF delegation with the Central Java Investment Board and KADIN, the Indonesian chamber of commerce and industry, was also organized where the Indian delegation made presentations on various sectors of interest to Central Java, like IT, automotive and infrastructure. The Indonesian side gave a perspective of investment opportunities in the region.

The meeting was addressed by Investment Board Chairman Yuni Astuti and KADIN chairman Kukrit Suryo Wicaksono who, while appreciating the visit of the IBF Delegation, promised to extend one-window service to the investors from India.

Ambassador Singh invited Indonesian companies to invest in India and take part in fairs and exhibitions in India.

The IBF delegation included representatives from diverse sectors of Indian joint ventures in Indonesia; Tata Motors (automotive), Tata Consultancy Services (IT), SBI Indonesia (banking), ESSAR Group (infrastructure), Jindal Group (steel), Trimex Group (mining, cement), Bitratex Industries (textiles), Primayudha Mandirijaya (textiles), AK Goldenesia (agri products), Makmur Sejahtera (agri products) and Spins International School Surabaya (education).

The visit was part of the Indian embassy's outreach to the various regions of Indonesia. The ambassador emphasized that his mission to Central Java is for encouraging high-level B2B engagement.

He said a number of Indian textile companies were already established in the region, and the Indian businessmen were looking for more investment opportunities in Central Java.

He added that there is already an investment of about $15 billion in Indonesia by Indians which would go up to $30 billion in the next five years.

The Indian ambassador extended an invitation to the provincial governor to address the 20th Partnership Summit being organized by the Confederation of Indian Industry (CII) in Bangalore Jan 27-29.

Earlier, the embassy had taken such missions to Surabaya in East Java, Manado in North Sulawesi, Bali and Medan.

IANS

Source: IANS

 
 
 

blog comments powered by Disqus

Latest stories

School headmaster shot dead in Pakistan
Islamabad, Dec 4 (IANS) Unidentified gunmen Thursday killed the headmaster of a private school in Pakistan's Balochistan province.
 
 
Four more bodies recovered from sunken South Korean ship
Seoul, Dec 4 (IANS) Four more bodies were recovered Thursday from a sunken South Korean fishing ship in the Bering Sea, the foreign ministry here said.
 
 
Lesbian couple asked to desist in London restaurant
London, Dec 4 (IANS) A lesbian couple in a London restaurant was asked to desist by a staff member, who asked them to "stop what you are doing".
 
 
Oxford Dictionaries to add 1,000 new words
London, Dec 4 (IANS) 'Mamil' (middle-aged man in Lycra), 'silvertail' (a person who is socially prominent or who displays social aspirations) and 'crony capitalism' are among the 1,000 new words to be added to OxfordDictionaries.com, the free online dictionary, in its largest quarterly update so far.
 
 
 

Latest from the Network

Australian researcher discovers first artwork by early human
Sydney, Dec 4 (IANS) An Australian researcher has discovered what is believed to be the first artwork created by a human. The simple zigzag pattern found on a fossilized shell from the Indonesian island of Java has...
Read more on Celebrity Balla
 
Insects compete with rats to clear garbage
New York, Dec 4 (IANS) Insects play a very important role in cleaning up cities and they compete with other pests like rats and pigeons in their endeavour, a study has said. Scientists sampled arthropods - such as...
Read more on Business Balla
 
School headmaster shot dead in Pakistan
Islamabad, Dec 4 (IANS) Unidentified gunmen Thursday killed the headmaster of a private school in Pakistan's Balochistan province. Police officials said the armed men opened fire at the vehicle of Zahid Ali,...
Read more on Politics Balla
 
Four more bodies recovered from sunken South Korean ship
Seoul, Dec 4 (IANS) Four more bodies were recovered Thursday from a sunken South Korean fishing ship in the Bering Sea, the foreign ministry here said. This increased the toll to 16, including six South Koreans and 10...
Read more on Politics Balla
 
Lesbian couple asked to desist in London restaurant
London, Dec 4 (IANS) A lesbian couple in a London restaurant was asked to desist by a staff member, who asked them to "stop what you are doing". Lydia Cawson, 29, said that she and her girlfriend were asked by a staff...
Read more on Politics Balla
 
Oxford Dictionaries to add 1,000 new words
London, Dec 4 (IANS) 'Mamil' (middle-aged man in Lycra), 'silvertail' (a person who is socially prominent or who displays social aspirations) and 'crony capitalism' are among the 1,000 new words to be added to...
Read more on Celebrity Balla
 
Oceans play key role in global 'warming hiatus'
London, Dec 4 (IANS) Increased heat uptake across three oceans - North Atlantic, the Southern Ocean and Equatorial Pacific Ocean - is the likely cause of the 'warming hiatus' -- the current decade-long slowdown in...
Read more on Politics Balla
 
Novel imaging to identify if TB drugs are working
Washington, Dec 4 (IANS) Tuberculosis patients who are not cured of the infection can develop multi-drug resistant TB and have to take as many as six drugs for two years. Now, researchers at University of Pittsburgh...
Read more on Business Balla
 
PM makes first appointment to High Court of Australia
Canberra, Dec 4 (IANS) Prime Minister Tony Abbott's government Thursday appointed former Victorian Supreme Court judge Geoffrey Nettle as the next Justice of the High Court of Australia. Attorney General George...
Read more on Politics Balla
 
18 suspected militants killed in Pakistan airstrikes
Islamabad, Dec 4 (IANS) At least 18 suspected militants were killed Thursday in airstrikes conducted by Pakistan Air Force fighter jets in North Waziristan. According to officials, the airstrikes were conducted in...
Read more on Politics Balla