A 15-member Indian business delegation led by India's ambassador to Indonesia, Gurjit Singh, on Wednesday visited Central Java to explore further investment opportunities in the Indonesian province.

While inviting Indonesian companies to invest in India and also take part in fairs and exhibitions in India, Singh said that a number of Indian textile companies are already established in Indonesia and that Indian businessmen are looking for more investment opportunities in Central Java.

According to Singh, Indians have made an investment of about USD 15 billion in Indonesia which was expected to go up to USD 30 billion in the next five years. "Sound bilateral relations exist between the two countries and the focus now is on increased investment, trade, tourism and student exchanges," he added.

Discussions in this regard were held with Central Java's newly elected Governor Ganjar Pranowo. Emphasizing the need for capacity building, Singh also announced 5 scholarships programmes for people of Central Java. Welcoming business relations with India, Pranowo assured support from his government to facilitate Indian investments in various sectors including manufacturing, infrastructure and tourism.

The governor expressed keenness to have more cooperation in the fields of culture and education. The Indian delegation included representatives from Tata Motors, Tata Consultancy Services, SBI Indonesia and Essar Group, among others.


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