India-Indonesia trade to touch $20 bn

Republic of Indonesia Ambassador Andi M Ghalib has maintained the bilateral trade between India and Indonesia could touch $20 billion by 2013.

Having achieved the bilateral trade target of $10 billion in 2009, Indonesia and India are looking to double the value of trade between the two countries.

Andi M Ghalib was in Chandigarh to participate at a seminar organised by PHD Chamber. Ghalib said, as one of the most competitive and open economies in the world, Indonesia has a great deal to offer foreign investors.

Both India and Indonesia need to have a closer diplomatic coordination and stronger defence ties, he added.