Indonesia eager to deepen economic ties with Punjab

Delegation acknowledges efforts to make environment investment-friendly

Our Correspondent December 20, 2017
Container boxes are seen at a port. PHOTO: REUTERS

LAHORE: A group of Indonesian investors has shown keen interest in investing in Punjab.

It said that the provincial government is taking measures to boost investment and create a friendly environment.

A high-profile business delegation from Indonesia is on a three-day visit to Punjab. The delegation aims to establish and boost trade relations between the two countries.

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In a statement, it was said that this landmark visit is of utmost importance as it would explore new avenues for trade, investment and joint ventures that would help in accomplishing the mutual target of sustainable economic development.

The delegation also visited few potential sites such as Faisalabad Industrial Estate and PIEDMC, where they got engaged in extensive B2B meetings and discussed available opportunities. The team showed immense interest in expanding their business. A presentation regarding Special Economic Zones, concerning the overall investment opportunities in Punjab regarding business, agriculture and tourism were also displayed to the delegation.

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To welcome the delegation, Punjab Board of Investment and Trade has organised an exclusive Pakistan-Indonesia Business Forum on Wednesday. The forum will be a great occasion for business communities of both countries to collaborate and discuss potential opportunities.

Indonesia is a major trading partner of Pakistan and is among the top importing and exporting destinations. Representatives from the delegation are from a wide range of sectors including construction, textiles, auto parts and food industry.

Published in The Express Tribune, December 20th, 2017.

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