HomeG20 becoming more importantG20 becoming more important; time to strengthen ties with India, says Indonesian...

G20 becoming more important; time to strengthen ties with India, says Indonesian business leader

Source : Asian News International (ANI)

G20 becoming more important; time to strengthen ties with India, says Indonesian business leader
Arsjad Rasjid, Chairman of the Indonesian Chamber of Commerce and Industry

New Delhi: As the world continues to recover from the impact of COVID-19 and deal with the ongoing Russia-Ukraine war, a top Indonesian business and industry expert said a forum like G20 is becoming more and more important during these challenging times to address economic issues faced by developing countries.

Speaking with ANI, Arsjad Rasjid, Chairman of the Indonesian Chamber of Commerce said, “G20 forum is becoming more and more important, particularly it is talking about the economy. We just passed the process of recovery starting after the pandemic. Now the geopolitical situation in Russia and Ukraine, that ups the challenges that the global economy is facing.”

“With high inflation, high energy cost, and scarcity of food — those are very important conversations. There is a need to have a public and private partnership, which is a key.”

Rasjid argued that the representation of developing countries in crafting policies at major world forums will be key to solving the problems faced by developing countries. “This is also the time for us as India and Indonesia, that we see the centre of economic growth is in Asia. And Indonesia and India are the two leaders that may bring or create economic solutions,” he said.

“…the continuation of the leadership of G20 and Business-20, from Indonesia to India, and later to Brazil and later on to South Africa. All those are emerging countries,” he added.

The Indonesian business leader said he thinks it’s time to have conversations about small-medium enterprise, ways to elevate poverty and how health can be democratised.

Speaking on the current state of India-Indonesia bilateral ties, he said both countries have a common history, values and culture. “This is the time to strengthen this relationship.”

“There is already a conversation on a trade agreement between India and Indonesia. It should be more than that. It should be economic cooperation agreement where we not only talk about trade but investment, education, capital development and technology.”

He said it is important for India and Indonesia to strengthen the relationship that the two countries have forged since the 1950s during the non-alignment days.

“It’s time for Indonesia and India to strengthen this. Not only G2G level but business to business and people-to-people level,” he said.



Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Aatmanirbhar Bharat


DRDO: Made in India Netra, Pinaka Systems attract European, Southeast Asian interest

At the Eurosatory 2024 Defence Show in Paris, India's indigenous military technologies, including the Netra airborne early warning and control aircraft and the Pinaka...

Indian Navy: Messe Stuttgart India, Indian Navy collaborate to modernise pan-India logistics infrastructure

Global exhibitor Messe Stuttgart India on Wednesday said it has collaborated with the Indian Navy to revolutionize logistics infrastructure across the nation. The initiative...

AMCA 5th Generation Stealth Fighter Updates

AMCA to be integrated with sophisticated indigenous Distributed Aperture System (DAS) that making it a formidable air asset for the Indian Air Force

Source : IgMp Bureau India’s Advanced Medium Combat Aircraft (AMCA) is on the brink of a revolutionary transformation with the integration of a sophisticated Distributed...

AMCA to incorporate the best features of both 5th and 6th Generation fighters: ADA sources

Source : IgMp Bureau India's strides toward indigenous air dominance receive a substantial boost with the green signal for the Advanced Medium Combat Aircraft (AMCA)...

Most Popular

Recent Comments

Archive Months


Indian Army: Military strength, capabilities necessary to prevent wars, says Army chief

The current geo-strategic landscape is characterised by a change that is taking place at an "unprecedented" scale and speed, Army Chief Gen Manoj Pande...

DRDO to develop Air to Air refuelling pod for tanker aircraft

Source : Indian Defence NewsMulti Point Refueling System of USAF KC-135R Stratotanker (Image Credit: Ratsbew Wikipedia)DRDO's Technology Development Fund has started the Development of...

nato: Hungary set to ratify Sweden’s NATO bid on Feb 26 after long delay

Hungary's ruling Fidesz party proposed on Tuesday that parliament should vote to ratify Sweden's bid to join NATO on Feb. 26, a move that...

Indian Army to deploy Mahindra Armado ALSV in Poonch-Rajouri sector for protection of soldiers

Source : IgMp Bureau On the 21st of December 2023, the Poonch sector in Jammu and Kashmir witnessed a terrorist attack targeting two Indian Army...
error: Content is protected !!