PANAJI:
Erry Herjuno, Economic Counsellor at the Embassy of Indonesia in New Delhi, visited the Goa Chamber of Commerce & Industry (GCCI) and met Director General Sanjay Amonkar to explore trade opportunities between Goa and Indonesia.
India-Indonesia trade currently stands at USD 30 billion, with Indonesian exports at USD 24 billion and Indian exports at only USD 6 billion, reflecting a significant trade imbalance. Key Indonesian imports include coal, iron & steel, and crude palm oil. Amonkar highlighted that India aims to reduce this deficit by diversifying its exports, particularly in agriculture (potatoes, onions, chillies), and by expanding sectors like green energy, medical devices, electric vehicles, and pharma.
The target is to boost bilateral trade to USD 50 billion by 2025, with last year’s trade reaching nearly USD 40 billion, a 50% jump.
The Indonesian delegation invited Goan exporters to the 40th Trade Expo Indonesia from October 15“19 in Jakarta, which last year recorded USD 7.46 billion in business with India and drew over 900 Indian buyers. This year’s focus includes logistics, paper, coal, palm oil, and iron & steel. The delegation also pointed to emerging opportunities in Indonesia’s IT services sector and shared a sectoral opportunities booklet with GCCI.
