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PM Modi to expand India's ties with Indonesia during first official visit

PM Modi to expand India's ties with Indonesia during first official visit

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PM Modi to expand India's ties with Indonesia during first official visit

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Indian Prime Minister Narendra Modi's first-ever official visit to Indonesia is part of his five-day trip to South-east Asia.
Published11 hours ago

JAKARTA - Indian Prime Minister Narendra Modi will make his first-ever official visit to Indonesia on Tuesday (May 29) in a bid to enhance bilateral cooperation in a broad range of areas, including maritime, trade and investment.

Mr Modi will arrive in Jakarta in the evening for a three-day visit and will meet President Joko Widodo on Wednesday, said Indian Ambassador to Indonesia Pradeep Kumar Rawat.

The two leaders will attend some events, including a CEO Business Forum organised by the Indonesian Chamber of Commerce and the Industry, and the Confederation of Indian Industry, where they are expected to give their recommendations on how to boost economic partnership.

"The engagement is ... very deep. We have been strategic partners sin ce 2005 and as close maritime neighbours, there are issues which concerned both of us in a very fast developing, evolving global situation," Mr Pradeep said. "There are issues relating to maritime, economic development."

He said the two leaders would also exchange their thoughts on the Indo-Pacific strategy and terrorism. He noted that they held similar views on the two issues, in addition to maritime safety and security.

The Indo-Pacific strategy describes an emerging alliance between the United States, India, Australia and Japan that is seen in some quarters as a means to contain China.

Other issues expected to be discussed include trade and investment, defence, and people-to-people connectivity.

Also on Mr Modi's agenda is a meeting with the Indian community in Indonesia.

The Indian leader's visit is part of his five-day trip to South-east Asia, which also includes a brief stopover in Kuala Lumpur on Thursday to meet n ewly-elected Prime Minister Mahathir Mohammad, before heading to Singapore to meet Prime Minister Lee Hsien Loong.

India is Indonesia's largest trading partner in South Asia and fourth biggest trading partner in the world. Bilateral trade reached US$18.13 billion (S$24.27 billion) last year, up 22.34 per cent from 2016, with Indonesia posting a US$10.04 billion surplus, according to data from Indonesia's Trade Ministry.

India was the 16th biggest foreign investor in Indonesia, spending US$286.6 million in the past year, said Indonesia's Investment Coordinating Board.

Both countries aim to grow two-way trade to US$50 billion by 2025, while two-way investment is expected to hit US$50 billion.

The Indonesian Chamber of Commerce and Industry's chairman for international relations Shinta Kamdani said the business group would sign a cooperation agreement with the Confederation of Indian Industry .

"The cooperation is to boost inv estment and trade to achieve the (trade and investment) goal," she said without elaborating.

Topics:
  • INDONESIA
  • NARENDRA MODI

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