India and Indonesia are aiming to increase its bilateral trade by revising the target for trade to $45 billion by 2015. The revision has come in due to the fact that bilateral trade between the countries has already crossed $20 billion and the earlier target of $25 billion is likely to be crossed in the coming time.
Areas of interest in trade for Indonesia are electronics, telecom and textiles, and for India they are coal, rubber, timber, palm oil and wood products. Indonesia's exports to India this year was $11 billion primarily based on natural resources such as coal, crude palm oil, wood, rubber, gold and copper.
Indonesia will also resume its plan of commencing air traffic to India by this June. The Indonesian national carrier, Garuda, is set to launch direct flights to India from June. The Indonesian embassy here has suggested that the carrier link the four major metropolitan cities - Delhi, Kolkata, Mumbai and Chennai.
Attempting to facilitate further diplomatic relations between the countries, Indonesia has proposed to set up an additional Consulate office in Chennai, which is yet to be considered by the Centre.
India and Indonesia, the second and third largest economies in Asia after China, have signed 33 agreements to promote trade. They are also partners through the free trade agreement signed by the Association of South East Asian Nations.
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