Premier Modi will pay an official visit to Indonesia May 29-31 and Singapore May 31 to June 2) at the invitation President Widodo and Lee Hsien Loong, Prime Minister of Singapore respectively. He will also make a brief stopover in Kuala Lumpur, Malaysia on 31 May to meet the newly elected Prime Minister of Malaysia, Mahathir Mohammad.
Prime Minister’s official engagements in Jakarta and Singapore include bilateral meetings with the leadership, delegation level talks, meetings with the business and Indian communities.
Indonesia, Malaysia and Singapore, three countries in ASEAN, are Strategic Partners of India. Government of India attaches high importance to its relations with the ASEAN region and is committed to deepening its relationship with individual member within the framework of Government’s Act East Policy.
Indonesia is the biggest trade partner of India within the ASEAN region, while India is the biggest palm oil importer and one of Indonesia’s main export destinations for coal. Meanwhile, India’s investment in Indonesia has reached US$286.6 million, up significantly from $55 million in 2016.
Moreover, according to Indonesia Statistics data, Indonesian-Indian trade reached a value of $12.9 billion in 2016, with Indonesian exports of $10.2 billion and Indonesian imports of $2.1 billion. The trade volume has increased by 28.7 percent in 2017, with Indonesian exports of $14.08 billion and imports of $4.05 billion.