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Indonesia, India ink six MoUs to boost trade, investment
The CEO Forum held during the President's New Delhi visit produced several partnerships between Indonesian and Indian businesses across a variety of sectors, including pharmaceuticals and communications technology, to kick off new momentum in bilateral relations.
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President Prabowo Subianto (left) and Indian Prime Minister Narendra Modi address a joint press briefing on Jan. 25, 2025, at Hyderabad House in New Delhi. (AFP/Money Sharma)
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ndonesia and India have signed six memorandums of understanding (MoUs) during President Prabowo Subianto’s state visit to New Delhi last weekend, the first since he took office, with a view to strengthening economic ties through a focus on digital technology, health care and clean energy.
Indonesian Chamber of Commerce and Industry (Kadin) chairman Anindya Bakrie said the CEO Forum, held during the President’s visit, pushed for stronger trade and investment links and urged both governments to prioritize economic partnerships.
The forum saw at least 25 Indonesian CEOs meet with 75 Indian business leaders at the Taj Mahal hotel in New Delhi to explore partnership opportunities.
“The current focus is on food and agriculture. Indonesia is deeply committed to partnering for food security and manufacturing, collaborating for mutual growth,” Anindya said on Wednesday in a statement, as quoted by state-owned news agency Antara.
Read also: Prabowo thanks India for Indonesia’s BRICS accession, vows to strengthen security ties
The Kadin chair added that the two nations had agreed to collaborate in food security, agriculture, clean energy, technology and human capital development, which aligns with India’s ambition to become the world’s third-largest economy and Indonesia’s goal to rank seventh by 2030.
“We are doing a lot in trade and investment but there’s still more we can achieve, especially in pharmaceuticals, health care and the transition to clean energy, which we take very seriously,” added Anindya, who coled the Indonesian delegation with Kadin advisory board chair Hashim Djojohadikusumo, Prabowo’s brother.
