Home breadcru News breadcru Import/Exports breadcru Trade ties with India likely to touch $10 bn

Trade ties with India likely to touch $10 bn

19 Jul '07
1 min read

At an inauguration function on Monday, Susilo Bambang Yudhoyono, Indonesian President, conveyed his ambitions of continuing bilateral trading with India and is optimistic to reach a target of US $10 billion by 2010.

This can be possible only if both the nations work seriously over the collaboration and enhance it further. A group of Indian companies are keen to invest in Indonesian information technology, infrastructure, banking and automotive segments, Navrekha Sharma, Indian Ambassador to Indonesia, said.

Susilo said that Indonesian domestic market is rich in resources and is all set to combine forces with countries like India to establish strategic cooperation.

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