'Make in India' complements 'Bangga Buatan Indonesia'
Make in India’ and ‘Bangga Buatan Indonesia’ (Make in Indonesia) initiatives are complementing each other, as both countries work towards their shared goal of becoming developed nations by the centennials of their independence, Indonesian officials said.
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Indonesian President Prabowo Subianto’s upcoming visit to India for the Republic Day celebrations is expected to give a boost to industrial and financial partnerships between the two countries, including cooperation in capital markets, they said.
India and Indonesia have the ability to set an example in the Asia-Pacific region with mutually beneficial investment solutions that fulfils key priorities such as faster industrialisation, sustainable growth, energy transformation, trade, education and skills, digitalisation, food security and inclusive financing, as two large, young and growing emerging market democracies, officials said.
Bridges of partnership between Make in India and Bangga Buatan Indonesia, was inspired by real-life cooperation in investments existing between the two countries, with over 100 Indian companies in Indonesia and 17 Indonesian companies in India already contributing to each other’s economic growth.
Indian pharmaceutical and healthcare companies MSN Labs, Aurobindo, Apollo and Artemis Hospitals made recent
