India, Indonesia ink nearly 18 business deals worth $15.1 b.


New Delhi: An extradition treaty was among a dozen agreements in key areas of defense, energy and intelligence sharing which were inked on January 25 between India and Indonesia besides business deals worth $ 15.1 billion in sectors like mining, infrastructure and manufacturing.

Apart from important bilateral issues, a host of regional and international matters, including global terrorism were discussed during the meeting between Prime Minister Manmohan Singh and Indonesian President Susilo Bamgbang Yudhoyono.

“The two leaders unequivocally condemned terrorism in all its forms and manifestations and stressed that there could be no justification whatsoever for any act of terrorism,” a joint statement said after the meeting.

Recognizing the common threats to national security from transnational crimes, including international terrorism, the two leaders resolved to significantly enhance bilateral cooperation in combating terrorism, sharing of intelligence, the development of more effective counter terrorism policies.

Apart from this, the two sides focused on forging closer ties in energy, defense and investment and inked Mutual Legal Assistance Treaty in Criminal Matters and MoUs for cooperation in Oil and Gas sector, in the field of Micro, Small and Medium Enterprises and Air Services Agreement.

Yudhoyono, who was also the chief guest at the Republic Day Parade, attended a business summit after the talks with Prime Minister Singh during which 18 business deals worth $15.1 billion were inked, making India one of the biggest investors in that country. Expressing satisfaction at the growing trade and investment ties between the two countries, Singh and Yudhoyono agreed to set a new target for bilateral trade at $ 25 billion by 2015.

Other areas of MoUs included Science and Technology, Press (media), urea (fertilizer) manufacturing, establishment of Biennial Trade Ministers’ Forum, education and marine and fisheries cooperation.

With a view to developing a ‘’Vision Statement 2025’’ for the Indonesia-India Strategic Partnership, the two leaders announced the establishment of an Eminent Persons’’ Group(EPG), deliberations of which would guide the future progress and prepare a blue-print of Indonesia-India relations over the next 15 years, the statement said.

Infrastructure, transportation, IT, telecommunications, food industry, energy and mining are among nine business sectors identified by the visiting President as key areas of cooperation between the two countries.

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