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Indonesia to sign $15bn in business deals with India

เผยแพร่:   โดย: MGR Online

This photo retrieved January 24, 2011 is from www.google.co.th. Indonesia and India are expected to sign a memorandum of understanding at a business forum to be attended by 500 Indian and Indonesia entrepreneurs.

January 24, 2011
JAKARTA, Indonesia (AFP) - Indonesian President Susilo Bambang Yudhoyono said Monday he hoped to help secure lucrative investment deals worth $15 billion on a trip to India this week.

The two sides are expected to sign memoranda of understanding at a business forum on Tuesday to be attended by 500 Indian and Indonesian entrepreneurs, Yudhoyono told reporters in Jakarta ahead of his trip.

"The investment value is $15 billion, which includes cooperation in infrastructure, manufacturing, natural resources and services," he added.

Yudhoyono said trade volume between the two countries had tripled from $4 billion in 2005 to $12 billion in 2010.

Indonesia plans to spend $140 billion until 2014 on improving its poor infrastructure and reaching an economic growth target of seven percent. Of the total, the government has said it aims to attract $90 billion from private investors.
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