Indian, Indonesian business chambers sign 16 MOUs

BUSINESSCHAMBERSof India and Indonesia on Wednesday signed 16 memoranda of understanding on the sidelines of a three-day state visit to India by Indonesian President Susilo Bambang Yudhoyono.

The agreements signed included bilateral cooperation in urea manfacturing; development of an industrial complex for heavy minerals; construction of a railway line for transporting coal and a coal terminal from Tanjung Enim to Tanjung Api-api in South Sumatra; infrastructure for a railway line and a seaport in South Sumatra; the building of an aluminium smelter in South Sumatra;setting up of a gas-based power plant in Central Java;training and internship for civil servants and employees of the National Electric Company and the Indonesia Investment Coordinating Board; construction of an airport at Kulon Progo, Yogyakarta; construction of an off-take fertilizer plant; cooperation in information technology;financing of a coal-based power plant; construction of an airport at Buleleng, Bali; construction of a cargo ship building and oil and gas terminal plant; road infrastructure for mine and port projects and an agreement for information technology security transfer of technology.

Representatives and officials of the Indian and Indonesian Governments, and the business chambers of the two countries, signed the agreements.

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