SEARCH

Cities » Visakhapatnam

Updated: June 24, 2014 22:42 IST

Indonesia invites investors to take part in 29th Trade Expo

Santosh Patnaik
Comment   ·   print   ·   T  T  
VISAKHAPATNAM(ANDHRA PRADESH) 24-06-2014: Consul (Economics/Head of Chancery) of Indonesia Hariyanta Soetarto speaking to The Hindu in Visakhapatnam on Tuesday. ---Photo:C.V.SUBRAHMANYAM.
The Hindu VISAKHAPATNAM(ANDHRA PRADESH) 24-06-2014: Consul (Economics/Head of Chancery) of Indonesia Hariyanta Soetarto speaking to The Hindu in Visakhapatnam on Tuesday. ---Photo:C.V.SUBRAHMANYAM.

Investors from Andhra Pradesh have been invited to participate in the 29th Trade Expo Indonesia, an international exhibition being held from October 8 to 12 at Jakarta to know about latest premium, quality and export-ready products and services from 2,000 exhibitors.

During interaction with representatives from CII, Vizagapatam Chamber of Commerce and Industry, Visakha Container Terminal and Brandix India Apparel City, Consul (Economics/Head of Chancery) of Indonesia Hariayanta Soetarto said that one could choose their business partner to boost bilateral ties by taking part in the expo.

In an interview to The Hindu on Tuesday, he said as a friendly nation, Indonesia was providing visa on arrival. It was also offering ample opportunities to own and explore minerals including coal.

On the efforts to tide over economy slowdown, he said compared to 15 years ago, Indonesia was now politically and economically stronger and more stable. “The economic and social indicators show that Indonesia is a new giant with the rank of 16 in the world. Thus, Indonesia’s role in the international and regional relationship has become more active and more dominant,” he said.

He said to expedite the process of sustainable economic growth the Indonesian Government in recent past had developed and implemented a Master Plan for acceleration and expansion of economic development and to transform Indonesia into one of the 10 major economies in the world by 2025 with 22 promising sectors.

Mr. Soetarto said foreign investors were welcome to choose their desired sectors and preferred regions according to their business interest. In bilateral trade relations, Indonesia and India enjoy better relations. Implementation of ASEAN-India Free Trade Agreement (AIFTA) had contributed a lot to increase trade relations between the two nations, he said.

More In: Visakhapatnam
COMMENTS
Please Wait while comments are loading...
This article is closed for comments.
Please Email the Editor

Vizag Connect Newsfeed


Andhra Pradesh

Hyderabad

Visakhapatnam


O
P
E
N

close

Recent Article in Visakhapatnam

Water project: State looks to industries for help

Under the NTR Sujala Sravathi, the State plans to supply safe drinking water at the rate of Rs. 2 for 20 litres »