The Indonesian Ambassador, Andi M. Ghalib said here on Saturday that the trade ties between his country and India were growing at a steady pace and could reach $45 billion mark by 2015.

“I hope that the volume of business between the two countries would reach $45 billion by 2015,” the Ambassador who had come here for an event told mediapersons.

The volume of trade between the two countries last year was about $14 billion.

Mr. Ghalib said that an indication of the warm ties between the two countries came when the Indonesian President was invited to be the chief guest at the Republic Day parade two years back.

He said a lot of work was done to encourage Hinduism in his country and pointed out that Indonesia’s national airline is known as Garuda Airlines.

The Ambassador said that more than 30 MoUs had been signed between India and Indonesia against only five to seven MoUs signed by other countries.

He said that the economic growth rate of both India and Indonesia was almost similar.

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