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75 Indian cos to visit India Show in Indonesia

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Press Trust of India
Last Updated : Jan 21 2013 | 2:31 AM IST

Over 75 domestic corporates would participate in a fair beginning March 6 at Jakarta in Indonesia as the two countries aim to achieve bilateral trade target of $25 billion by 2015.

In 2010-11, the bilateral trade between them stood at $16.1 billion.

Indian companies participating in the three-day 'India Show' include BHEL, Essar, Escorts, Mahindra & Mahindra and Tata Motors. They would showcase their goods and services ranging from auto parts, machinery to garments.

Commerce and Industry Minister Anand Sharma and his Indonesian counterpart, Gita Irawan Wirjawan would inaugurate the show.

"During the visit of President Yudhoyono to India as Chief Guest at Republic Day celebrations, the two countries had set a trade target of $25 billion by 2015. The India Show aims to achieve this target rapidly," CII said in a statement.

The two countries are also negotiating a Comprehensive Economic Cooperation Agreement (CECA) to enhance economic cooperation.

India's exports to Indonesia include agricultural goods, minerals, chemicals, cotton and machinery while items such as crude palm oil and mineral fuels are imported.

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First Published: Mar 04 2012 | 11:50 AM IST

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