Message from Indian Ambassador S.T. Devare<\/p>\n
I am grateful to The Jakarta Post for the opportunity to
\ninform, through this special feature, about the important events
\ntaking place in Indian-Indonesian bilateral economic relations,
\nwhich are planned for Jakarta. An exclusive Indian Trade
\nExhibition will be held at the Jakarta Fair Grounds, Kemoyaran,
\nfrom March 19 to March 23, 1996.<\/p>\n
A meeting of the Joint Business Council, between the
\nIndonesian Chamber of Commerce and Industry (Kadin) and the
\nFederation of Indian Chambers of Commerce (FICCI), will take
\nplace on March 19, following which there will be a seminar,
\n\"Partners in Progress\", at which Indonesian and Indian
\nentrepreneurs, businesspeople and officials are expected to
\ndiscuss, in depth, business opportunities between the two
\ncountries.<\/p>\n
A high-level delegation from India will be participating in
\nthese events. Besides this, the Engineering Export Promotion
\nCouncil (EEPC) of India will be holding discussions with
\ninterested Indonesian companies on March 20.<\/p>\n
Indonesia-India economic relations have been steadily
\nimproving in recent years. Our bilateral trade has registered a
\nmarked increase from a two-way bilateral trade of US$596 million
\nin 1994, to an estimated figure of $800 million in 1995. In 1994,
\nthe trade was also fairly balanced, with Indian exports to
\nIndonesia at $318 million and Indonesian exports to India at $278
\nmillion.<\/p>\n
There are 17 Indian joint ventures in Indonesia, with
\ninvestment at about $216 million. Some of these companies are
\ncurrently undergoing expansion. Lately, Indonesian investment has
\nalso begun in India. Given the size of our economies and markets,
\nhuman and natural resources and the proximity of the two
\ncountries, the current trade or mutual investment is indeed far
\nbelow the actual potential. There are extensive complementarties
\nwhich need to be further explored and with this view in mind, the
\nproposed exhibition and business meetings in Jakarta have been
\nplanned.<\/p>\n
The Trade Exhibition, put up by the Indian Trade Promotion
\nOrganisation, which has experience and expertise in organising
\nsuch fairs all over the world, will have the participation of 60
\nIndian companies, large, as well as medium and small, in fields
\nranging from machine tools, electrical equipment, chemicals, auto
\ncomponents, agro-industrial products, to consultancies and
\nservices.<\/p>\n
At this Indian Fair, the kind of which is taking place here
\nafter six years, manufactured goods and machinery will be on
\ndisplay and businesspeople will be available for one-on-one
\ndiscussions. I am sure this will enable Indonesian businesspeople
\nto have a firsthand view and knowledge of Indian products and
\nservices in a number of areas.<\/p>\n
The Joint Business Council between India and Indonesia has
\nbeen meeting from time to time and their discussions next week,
\nat the level of the Presidents of Chambers of Commerce and
\nIndustry of the two countries, will provide a very useful
\nopportunity to review our bilateral trade and economic
\ncooperation and to take new initiatives in promotion of our
\nbusiness ties as the economies of India and Indonesia surge ahead
\nwith greater liberalisation and reforms.<\/p>\n
The proposed seminar will centre on three specific themes,
\nnamely, computer software, textile machinery and automotive
\ncomponents. These three areas are of mutual interest. Business
\nspeakers from Indonesia and India will be speaking in detail on
\nthese subjects and encouraging possibilities are envisaged for
\ndeveloping close ties in these fields.<\/p>\n
Indonesia and India have consistently subscribed to and
\nsupported the idea of South-South cooperation. Both our countries
\nhave the necessary resources and strengths to enlarge our
\nbilateral ties and thereby promote the larger concept of South-
\nSouth cooperation.<\/p>\n
As a Full Dialogue Partner with ASEAN, India looks forward to
\nenhancing its economic, industrial, scientific and technological
\ncontacts with ASEAN countries. I am confident that the
\nforthcoming events will lend a new vigour and give impetus to our
\ncontinuing efforts in forging a \"partnership in progress\" with
\nIndonesia.<\/p>",
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"sponsor": "Okusi Associates",
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