The Asian invasion

The Asian invasion

Our News BureauMumbai

Speaking at an interactive meeting with a high powered business delegation from Indonesia organised by FICCI, His Excellency M Jusuf Kalla, Hon’ble Vice-President of Indonesia said, “I am confident that in the near future China, India and Indonesia could be the leading economies of the world and Asia, the development hub.” Kalla said that Indonesia attach high priority to infrastructure development. Emphasising on the need of his country to develop roads, telecommunication and airports, he said that over 1,500 national highways are coming up in Jawa and around 10,000 MW of power would have to be generated in addition to building many new airports in Indonesia. He therefore called upon Indian investors to look at this area for investment and cooperation.

Kalla said that both India and Indonesia could be very competitive in the world
if they use their respective strengths in technology

He said that both India and Indonesia could not only be competitive but also complementary to each other based on their respective strengths. He said that Indonesia was strong in export of commodities, coal, metallic ores and scrap, and there were many areas like palm oil, LNG and gas, computer software, and transmission towers for synergising between the two countries.

Kalla said that both India and Indonesia could be very competitive in the world if they use their respective strengths in technology and resources effectively. He felt that Indian companies have grown globally by using resources and technology effectively.

Habil Khorakiwala, President of FICCI said, “Indonesia is India’s second largest export partner in ASEAN after Singapore. We look forward to Indian investments not only two wheelers, but also our countries coming together in building sophisticated things like ships, helicopters, planes, power stations and steel industries. He emphasised on the need for the two countries to work in power, education, IT and pharma and technologies, where he saw a great scope for progress. He further said that so far Indo-Indonesian relationship has been in traditional areas.