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Top Indian CEOs to visit RI to boost ties
A high-powered business delegation, mainly CEOs of top Indian corporate houses, from India will be visit Jakarta from Aug
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A high-powered business delegation, mainly CEOs of top Indian corporate houses, from India will be visit Jakarta from Aug. 25-27 to strengthen trade and investment relations between the two maritime neighbors, an Indian Embassy representative said.
'The aim is to enhance high level business-to-business [B2B] contact well as meet the political leaders of Indonesia,' the embassy said in a press release sent to The Jakarta Post on Friday.
The 24-member CEO mission from the Federation of Indian Chamber of Commerce and Industry (FICCI) will be led by Naina Lal Kidwi, FICCI president and executive director and country head of HSBC India. Conglomerate representatives include Modi Enterprises chairman K K Modi, Indo Rama Synthetics (I) Limited managing director O P Lohia, Mahindra & Mahindra Ltd president Rajeev Dubey and Tata Motors Indonesia president director Biswadev Sengupta are members of the delegation.
The Indian delegation is scheduled to meet Vice President Boediono, Trade Minister Gita Wirjawan, Industry Minister M S Hidayat as well as executives from the ASEAN Secretariat, Indonesian Chamber of Commerce and Industry (KADIN) and Investment Coordinating Board (BKPM).
With US$20.21billion bilateral trade last year, Indonesia is India's second biggest trading partner in ASEAN after Singapore. India's trade with ASEAN in 2012 stood at $75.6 billion, a slight increase from $74.6 billion in 2011. On the investment side, India's FDI in ASEAN reached $2.6 billion in 2012, while India's cumulative FDI (foreign direct investment) from April 2000 to August 2012 reached $608 billion.
