Buoyed by bilateral trade between Indonesia and India touching a record $20 billion and increasing at a steady pace, an Indian business delegation will visit the south east Asian country next month to explore investment opportunities, a top official said on Sunday.
“In May around 40-50 Indian businessmen from the four South Indian states, Gujarat and others will be visiting Indonesia to explore investment opportunities,” Indonesian ambassador to India, Andi M. Ghalib said.
This apart, flag carrier Garuda Indonesia is planning to fly into India starting this June onwards, Ghalib told reporters.
He said the country invites Indian investments in the areas of agriculture, rubber, mining, coal, textiles, defence, information technology and other areas.
He said the bilateral trade target between India and Indonesia has been revised upwards as the trade volumes have gone up.
“The earlier bilateral trade target for 2015 was fixed at $25 billion. However, the trade value has already touched $20 billion and hence the revised target for 2015 is $45 billion. Two years ago the trade between our two countries was $8 billion,” Ghalib said.