Kadin Sets $50 Billion Trade Target with India
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JAKARTA, Investortrust.id — The Indonesian Chamber of Commerce and Industry, known as Kadin, has opened talks with India to strengthen cooperation in manufacturing, health, and technology, with the goal of doubling bilateral trade from $25 billion in 2024 to $50 billion in the near future.
Kadin Chairman Anindya Novyan Bakrie said on Thursday, Aug 28, 2025, that the discussions followed up on President Prabowo Subianto’s state visit to India earlier this year. The talks also prepared ground for a possible return visit by Indian Prime Minister Narendra Modi to Indonesia next year.
“This is a continuation of our January 2025 trip to India with the President. Now, around mid-year, we sit down to think about what kind of follow-up is needed,” Anindya said at The Convergence Indonesia building in Jakarta.
Kadin Chairman Anindya Novyan Bakrie welcomes Indian Ambassador Sandeep Chakravorty during a meeting in Jakarta, on Thursday, Aug 28, 2025. Investortrust/Mohammad Defrizal
He explained that Kadin revisited issues discussed in the CEO Forum working groups to map which areas of cooperation had progressed and which had not. Anindya stressed that preparing concrete opportunities was crucial ahead of a potential visit by Prime Minister Modi.
According to Statistics Indonesia (BPS), trade between the two countries reached more than $25 billion in 2024. Indonesia booked a surplus of $15.38 billion from $20.32 billion in exports to India against $4.93 billion in imports.
“The target is to reach $50 billion in the near future. That is what we are discussing,” added Anindya, who also serves as President Commissioner of PT Vektor Teknologi Mobilitas Tbk, or VKTR.
Indian Ambassador to Indonesia Sandeep Chakravorty welcomed Kadin’s initiative, emphasizing that the meeting built on the momentum of President Prabowo’s visit to India in early 2025.
“There was a CEO Forum organized by Mr. Anin. They have made decisions, and we are following them. With our team, we are discussing how to implement them,” Sandeep said.
Both sides aimed to finalize cooperation frameworks before the next CEO Forum, with the goal of expanding bilateral economic ties. Sandeep underlined that Indonesia and India already enjoyed strong relations, which could be elevated into large-scale economic activity.
“In today’s geopolitical turbulence, I think there are even more reasons for India and Indonesia to work together. We don’t need to look only at traditional markets. We ourselves are already large markets,” he said.
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