Chandigarh, Nov 8 : India and Indonesia would continue to strengthen trade and investment ties, with Indonesias special focus on its Special Economic Zone (SEZ) Sei Mangkei, Indonesias Ambassador to India, Ina Hagniningtyas Krisnamurthi, said here on Wednesday.
The bilateral trade between the two nations has reached $38.
84 billion, positioning Indonesia as Indias largest trading partner in Southeast Asia for the 2022-23.
This robust trade relationship is underpinned by the investments made by more than 40 Indian companies to date in various sectors like rubber, plastics, chemicals, textiles, and FMCG within Indonesia.
The Ambassador, who was here for a session at the CII Northern Region Headquarters, highlighted investments from Indian investors worth $198 million in the SEZ.
The MoUs were signed with Sheel Chand Agroils Pvt Ltd ($90 million), Alliance World ($55 million), and SGF Industries ($53 million) during the session.Krisnamurthi expressed commitment to fostering stronger bilateral ties in trade and investment through the motto Toward Golden Indonesia 2045 -- realizing a sovereign, advanced, and sustainable nation through investment.
"Were ready to support and facilitate any inbound investment to Indonesia and outbound investment from India.This showcases the stronger bilateral commitment in investment, trade, and economy between our two great nations," she said.
Furthermore, SEZ Sei Mangkei stands out as one of the best investment destinations in Indonesia, and "we encourage businesses to make full use of its potential".
Edward Samantha, Director, PT Kawasan Industri Nusantara (KINRA) in North Sumatra, emphasized Indonesias commitment to promoting foreign direct investment (FDI) enhancement by establishing the Sei Mangkei SEZ.
#Indonesian #envoy #Mangkei # Samantha Tara # Tara #Chandigarh #Chandigarh .Latest News
Download App
Channels
HomeEnglish NewsTeluguStop Exclusive StoriesFlash/Breaking NewsTrending NewsPoliticalMovieHealth TipsCrime NewsMovie ReviewsNRI NewsViral VideosBhakthi/DevotionalPress ReleasesViral StoriesQuotesPhoto TalksBaby Boy NamesBaby Girl NamesCelebrity ProfilesFollow Us!
Contact Us!
TeluguStop.com Media, Siya Residency, Sri Sri Circle, Khammam, Telangana- 507002info@telugustop.comPh No : 999-279-9973
About Us!
About UsJobsAdvertisingDMCA / RemovalTerms of UsePrivacy Policy