The Embassy of India in Jakarta in cooperation with the Basic Chemicals, Pharmaceuticals and Cosmetics Export Promotion Council of India (Chemexcil) has organized a chemicals and cosmetics exhibition at the Jakarta International Expo in Kemayoran, Central Jakarta, to boost trade with Indonesia.
The embassy said in a statement sent to the Jakarta Globe on Tuesday that about 50 companies in the fields of, among others, dyes and dye intermediates, organic and inorganic chemicals, agro-chemicals, pesticides, bio-fertilizers, exhibited their products at the two-days exhibition that started on Monday.
Indonesia is among the top 15 countries to import dyes and dye intermediates from India.
The statement also said chemicals and dyes contribute a major portion of India’s export to Indonesia, with the latest data available (from January-October 2015) showing that organic chemicals and dyes comprised 18.46 percent and 3.52 percent respectively of India’s total exports to Indonesia.
Bharadi, acting executive director of Chemexcil, which promotes exports from the chemical industries in India, said in the same statement that Indonesia is a promising market especially for dyes and dye intermediates, organic, inorganic and agro-chemicals.
It said total exports of the items covered under the purview of Chemexcil to Indonesia in 2014-15 amounted to $640 million.
“Given the significance of the items in terms of export and their need in Indonesia’s growing textile sector, the Embassy had arranged the exhibition to boost the export of these items to Indonesia and to provide an opportunity to showcase India’s capabilities in the sector, which would ultimately pave the way for investments under the ‘Make in India’ initiative,” the embassy said.