India Development News & Foreign Investment Opportunities

Forum calls for development of Andaman Sea islands

Amb. Rawat highlights opportunities

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Amb. Rawat highlights opportunities

 

Afcons Infrastructure.

 

Investments and business opportunities on the Indian and Indonesian islands across the Andaman Sea were presented at a Business Forum held in Jakarta on 25 Nov 2019 with corporate executives from both countries urged to venture into the regional development.

Indian Ambassador Pradeep Kumar Rawat called for establishment of direct connectivity between Aceh and Andaman & Nicobar to unlock immense business opportunities in a range of sectors, including health care, tourism, energy, construction, agro processing and fisheries.

Elaborating, Consul General R Gururaj urged Indonesian businesses to forge partnerships with Indian companies to tap opportunities for investment in Andaman & Nicobar Islands, particularly in the sectors of Tourism, Fisheries, Agriculture and Maritime.

Likewise, Sabang Free Trade Zone (BPKS) director Teuku Ardiansyah, listed opportunities available for investments in infrastructure sector, both in Banda Aceh and Sabang Free Port and Free Trade Zone

He called for greater synergy between businesses from both countries to tap potential projects.

The “India Indonesia Investment and Business Forum” was organized bythe Indonesian Foreign Ministry and Indian Embassy.

Inaugurating the forum, Ina H Krisnamurthi, Advisor to the Minister of Foreign Affairs on Economic Diplomacy, underlined the need to come up with new areas of cooperation, develop infrastructure and connectivity to provide ways and means to enhance business relations, especially to achieve India-Indonesia’s goal to US$50 billion bilateral trade by 2025.

Nova Iriansyah, Acting Governor of Aceh, pointed out that Aceh was a welcoming place for investors and hoped that the Forum would pave way for greater economic cooperation between the two countries.

Executives from Indonesia’s n Pt Samudra Indonesia, Pt Hutama Karya, Ankasapura II, Pt Trans Continent, Pt MMC, Pt Wika, Pt Pelindo, and representatives of Kadin Aceh attended the forum.

Corporate India was represented by GMR, GVK, BHEL, L&T, Feedback Infra, Pt Ion Exchange Asia Pacific, Afcons Infrastructure, Tata Motors, Tata Power and SBI. fiinews.com

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