New Delhi, Aug 2 (Inditop.com) Over 50 Indian companies will participate in the first major Indian trade fair in Indonesia, whose economy is growing at a fast clip, to promote Brand India.
Organised by the commerce ministry and the Confederation of Indian Industry (CII), the roadshow, titled ‘Made in India’, in Indonesian capital Jakarta will be inaugurated by Minister of State for Commerce Jyotiraditya Scindia and Indonesian Minister of Industry Fahim Idris.
Companies from sectors such as automobiles, auto components, earthmoving and construction equipment, IT and communication, mining and railway equipment, gems and jewellery, and handicrafts are participating in the three-day fair starting Aug 7.
“CII would like to see more Indonesian business come to India for investments in areas such as infrastructure, oil and gas, tourism,” said CII director general Chandrajit Banerjee.
Indonesia is India’s third largest trading partner among Southeast Asian nations and a leading investor in India.
Bilateral trade between India and Indonesia reached $6.98 billion in 2007-08 and is expected to have touched $10 billion in 2008-09.
During April 2008-February 2009, exports to Indonesia grew by 22 percent to reach $2.1 billion, and the country was placed 21st in India’s export destinations.
Indonesia ranked 16th as a source of imports at $6.1 billion, a growth of 38 percent over the previous year. Indian investments in Indonesia are at an impressive $2 billion.
