Indian businessmen eye RI opportunity
Indian businessmen eye RI opportunity
The Jakarta Post, Jakarta
The huge potential market in Indonesia has prompted several
Indian businessmen to look seriously at business opportunities,
by exporting their products as well as opening representative
offices here.
"Indonesia is a potential market for our company," said Bharat
Earth Movers Limited (BEML) assistant manager, TU Vasagam, on the
sidelines of the four-day India engineering expo -- Indiatech
2005 -- at the Jakarta Convention Center on Thursday.
The company, which produces heavy equipment, has planned to
open a representative office here to expand.
"So far, we have exported our products to 32 countries in
Europe, South America and Africa," he said.
Vasagam said the company had sold heavy equipment to Indonesia
back in the 1980s and 1990s. "We are now aiming at expanding the
market here."
Meanwhile, Rama Home Need Pvt Ltd, a water purifier producer,
also hopes to open an office while studying the possibility of
have a manufacturing plant here.
"We have been exporting our products to the UK, the U.S,
Germany and South Africa," said managing director KR
Balachandran. "Since this product is new to the local market, we
are looking forward to opening our own manufacturing plant here."
Another expo participant Sagas Autotec, meanwhile, plans to
market conversion kits for liquefied petroleum gas (LPG) and
compressed natural gas (CNG) to Indonesia.
"Our product is suitable for three-wheelers," said company's
senior executive Anantha Murthy. "We have been supplying our
product to the Bajaj company. Domestically, we sell 2,500 units
of conversion kits per month."
The company has exported its products to South American
countries, Sri Lanka and Bangladesh in the past three years.
In several cities in Indonesia, people still use bajaj (three-
wheeled motorized taxi) and bemo (three-wheeled motorized vans)
as land transportation modes. Both vehicles have been blamed for
causing pollution and the Jakarta administration has been phasing
out the vehicles to replace them with a cleaner vehicle.
"Since the use of CNG has been slowing down in India, we are
eying the Indonesian market due to the people's increasing
concern for environmentally friendly technology," Anantha said.
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