Vice President Ansari to attend India-Indonesia Business Forum

Jakarta, Nov. 3 (ANI): Vice President Hamid Ansari who is on a four day visit to Indonesia, will today meet members of India –Indonesia Business Forum at Jakarta to boost the economic ties between the two emerging economies.

India has invested about 15 billion US dollars in the southeast country and the bilateral trade between the two reached 20 billion dollars last year. However, the trade surplus is heavily in favour of Indonesia.

The purpose of the business forum meet is to likely to promote Indonesian investment in the country under Government’s ambitious Make in India initiative.

Earlier, the Vice President had called for synergised efforts in the areas of economy and business to correct the imbalance of trade and said that there was a considerable potential for expanding trade in the areas of automotive components, automobiles, engineering products, IT, pharmaceuticals, bio-technology and healthcare sectors between both countries.

He will depart for Bali today.

Vice President Ansari arrived here for his five-day two-nation official visit to Indonesia and Brunei on Sunday

Indonesia is the first stopover for the Vice President, who is there at the invitation of his Indonesian counterpart Jusuf Kalla. (ANI)

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