Indonesia-India two-way trade to hit $10b
Wednesday, 18 July 2007
JAKARTA, July 17 (Xinhua): Indonesian President Susilo Bambang Yudhoyono said yesterday two-way trade between Indonesia and India is expected to hit a historic record high of 10 billion US dollars by 2010.
"The bilateral trade target of 10 billion US dollars for 2010 can be achieved if the two nations seriously develop and enhance the existing cooperation," the president said when inaugurating a motorcycle factory invested by an Indian motor company.
Earlier in the day, Indian Ambassador to Indonesia Navrekha Sharma said a number of Indian companies had expressed keen interest in investing in Indonesia's information technology, infrastructure, banking and automotive sectors.
Susilo said Indonesia must be able to grab all the opportunities by establishing strategic partnership with India which is a big country and has many comparative advantages, such as advanced technology.
He also underscored the importance of cooperation in the pharmaceutical industry, considering India was one of the world's largest pharmaceutical product suppliers.
"The bilateral trade target of 10 billion US dollars for 2010 can be achieved if the two nations seriously develop and enhance the existing cooperation," the president said when inaugurating a motorcycle factory invested by an Indian motor company.
Earlier in the day, Indian Ambassador to Indonesia Navrekha Sharma said a number of Indian companies had expressed keen interest in investing in Indonesia's information technology, infrastructure, banking and automotive sectors.
Susilo said Indonesia must be able to grab all the opportunities by establishing strategic partnership with India which is a big country and has many comparative advantages, such as advanced technology.
He also underscored the importance of cooperation in the pharmaceutical industry, considering India was one of the world's largest pharmaceutical product suppliers.