Kadin Supports India To Invest In Food Processing Sector

Jakarta, March 21 (Antara) - Indonesian Chamber of Commerce and Industry (Kadin) has supported India to invest in the food processing sector in Indonesia. Kadin Chairman Suryo Bambang Sulisto said during the Round Table of India, Indonesia Investment Discussion in Jakarta on Thursday, that Indonesia has great potential on the food processing industry and India found a way to add its values. "With India`s technology, they will take the chance to increase the added-value of our food products," he said. Besides the food processing sector, India was also interested to invest in infrastructure and automotive components industry. Generally, Sulisto said Kadin was also supported the intention of India to invest in those three sectors as Indonesia is also trying to more focus on those industries. "I think India has seen our potentials as a developing country with the economic growth of above average," he said. Kadin has also agreed with India that the automotive component industry in Indonesia is an ideal investment since Indonesia has not compatible infrastructure and technology yet as well as India`s. On the other hand, Indian Ambassador for Indonesia, Timor Leste and ASEAN Gujrit Singh said India is focus on those three sectors and will strengthen other cooperation with Indonesia that have been well established. "The reason why we are focus on the food processing industry is we assume that Indonesia has potentials since it is an agriculture producer country. While, both India and Indonesia has the same need of the infrastructure development as well as in the automotive component industry, thus we can meet the needs much better if we join in a cooperation," he said. Singh added India will also keep continuing the investment in the manufacturing sector as its benefit which could hire more labor and increase the export chance for Indonesia. In 2012, there were 58 Indian companies which invested in Indonesia with its investment value reached US 78.1 million dollar in vary sectors like mining, textile, automobile, and two-wheeled vehicles. Singh added India was expected its investment in Indonesia will continue to grow as its growth reached 86.4 percent in 2011. "We will keep trying to strengthen the cooperation ties with Indonesia. We do hope India will be able to be a preferred partner of Indonesia in investment sector," he said.