Report of the Joint Study Group on the Feasibility of India-Indonesia ...

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73 global BPO market." For most global outsourcers, India is <strong>the</strong> number one choice for outsourcing healthcare services. In hospital, medical and dental services, <strong>the</strong> foreign equity ceiling has been raised from 51 to 74 per cent, although subject to approval and technology transfer requirements. IV.4.7.1. Recommendations Indian health care service has significant skills, talents and technology which make it attractive for outsourcing health care services. Qualified doctors and nurses can provide <strong>the</strong>ir services and some <strong>of</strong> <strong>the</strong> patients from Indonesia suffering from serious diseases can be referred to India and <strong>the</strong> insurance covered for those who might seek treatment at Indian hospitals. With <strong>the</strong> opening <strong>of</strong> Indonesia’s medical service industry health care investments, <strong>the</strong>re is huge potential for health tourism/travel medicine. IV. 4.8. Pr<strong>of</strong>essional Services In order to open up various pr<strong>of</strong>essional services such as legal, accounting, auditing and book keeping, architectural, engineering and medical services etc. both sides may consider to work closely towards recognition <strong>of</strong> qualifications and experiences <strong>of</strong> pr<strong>of</strong>essionals. IV.4.9. Tourism and Travel Related Services IV.4.9.1. Indonesia Tourism generates one <strong>of</strong> <strong>the</strong> highest foreign earnings in Indonesia, earning over $5 billion in 2007. International tourism is becoming increasingly important for Indonesia, particularly for Bali, where one third <strong>of</strong> <strong>the</strong> economy depends directly on tourists. Nation-wide <strong>the</strong>re were approximately 5.1 million visitors in 2001. In 2007, it increased to 5,5 million tourists and last year’s figures rose to 6.4 million, thanks to Indonesia’s Visit Indonesia Year 2008. From 2005 to 2007 <strong>the</strong> number <strong>of</strong> tourist from India to Indonesia increased by 53.2 %, (from 36,169 to 68,908), especially since Indonesia issued VOA (visa on arrival) facilities for visitors from India. The five main destinations for India tourists are Jakarta, Batam, Bali, East Java, and North Sumatera.
74 IV.4.9.2. India Given India's unique endowments <strong>of</strong> biodiversity, forests, rivers, mountains, historical places, temples and pilgrims, caves, museums, monuments and culture, <strong>the</strong> industry holds immense strength for obtaining higher growth rate. India <strong>of</strong>fers various categories <strong>of</strong> tourism products, such as adventure tourism; medical tourism (ayurveda and o<strong>the</strong>r forms <strong>of</strong> Indian medications), eco-tourism; rural tourism; cruise tourism; meetings, incentives, conferences, and exhibitions (MICE) tourism; etc IV.4.9.3. Recommendations India and Indonesia could organise <strong>Joint</strong> Tourism Promotion efforts to increase two-way tourism between <strong>the</strong> two countries. These efforts could include tourism fairs as well as exchange visits <strong>of</strong> tour operators. IV.4.10. Construction and Related Engineering Services Indonesia now permits investment in every field <strong>of</strong> infrastructure but only with <strong>the</strong> joint venture with Indonesian owned firms. India also allows 100 per cent FDI in construction and development projects, especially in construction <strong>of</strong> townships, housing, commercial premises, hotels, resorts, hospitals, educational institutions, recreational facilities, and city and regional level infrastructure. Foreign consultants and architects are also allowed to provide consultancy services in real estate and integrated townships in India. The growth <strong>of</strong> both <strong>the</strong> Indian and <strong>the</strong> Indonesian economy has created a huge need for quality infrastructure in both countries. This has fur<strong>the</strong>r created opportunities for enhanced trade in <strong>the</strong> construction services sector for both countries. IV.4.10.1. Recommendations As 100 per cent FDI is allowed in this sector in India, Indonesian service provider can tap <strong>the</strong> huge potential in <strong>the</strong> Indian construction and infrastructure sector. <strong>Joint</strong> venture between Indian and Indonesian companies may be leveraged to participate in global construction projects.
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0 Report o
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2 Letter of Transm
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4 4. These estimates were complemen
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6 I. Overview The bilateral relatio
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8 II. Trade in Goods II. 1. Introdu
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10 Box 2 : Indonesia’s Trade Poli
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12 Indonesia has stressed that <str
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14 II.2.2. Volatility This fluctuat
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16 Table 4. Relative Importance <st
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18 Nevertheless, d
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20 II.7.1. Rules of</strong
Page 23 and 24: 22 II. 7. 3. TBT, Sanitary and Phyt
Page 25 and 26: 24 II.8.2. CGE Simulations To compl
Page 27 and 28: 26 Objectives The national steel in
Page 29 and 30: 28 Table 9. Trade Complementarities
Page 31 and 32: 30 Intra industy trade has been bei
Page 33 and 34: 32 India has improved its position
Page 35 and 36: 34 the Government
Page 37 and 38: 36 (D). FDI has been allowed up to
Page 39 and 40: 38 public health safety and securit
Page 41 and 42: 40 Table 11 Portfolio investment fl
Page 43 and 44: 42 event that the
Page 45 and 46: 44 underpinned by high protection a
Page 47 and 48: 46 From August 1991 to December 200
Page 49 and 50: 48 A perusal of <s
Page 51 and 52: 50 III.4.2. Indonesia Indonesia ran
Page 53 and 54: 52 largest Indian investments took
Page 55 and 56: 54 Number Business Field Region/Pro
Page 57 and 58: 56 - identify target areas for tech
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Page 61 and 62: 60 3.10. Construction and Related E
Page 63 and 64: 62 With an ICT penetration rate <st
Page 65 and 66: 64 telecommunication services in In
Page 67 and 68: 66 operate international telephone
Page 69 and 70: 68 Banking Architecture (API). API
Page 71 and 72: 70 Under the propo
Page 73: 72 3. To improve the</stron
Page 77 and 78: 76 is limited up to 49 per cent. On
Page 79 and 80: 78 • Have substantial sectoral co
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Page 83 and 84: 82 V. 5.3. Forestry Indonesia has a
Page 85 and 86: 84 V.6. Cooperation in Transportati
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Page 89 and 90: 88 For enhancing training and educa
Page 91 and 92: 90 In a partial-equilibrium framewo
Page 93 and 94: 92 VI.4 Trade in Services In respec
Page 95 and 96: 1 Terms of Referen
Page 97 and 98: 3 Table A.I.1 Composition o
Page 99 and 100: 5 Table A.I.2 Composition o
Page 101 and 102: 7 Annexure 2 Table A.II.I Sectors w
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31 Table A.IV.2 Potential for India
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45 Table A.IV.3 Potential for <stro
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59 Table A.V.1 Items Amenable for I
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75 Annexure 6 HS 6-digit Code Table
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77 HS 6-digit Code Table A.VI.1 Ind
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85 Annexure 7 Table: Macro Economic
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87 Forecasting India’s exports to
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89 POLICY ON FOREIGN DIRECT INVESTM
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91 (iii) Other ser
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93 vii) viii) ix) x) xi) xii) xiii)
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95 30. Satellites - Establishment a
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97 Investment Incentives Annexure C
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99 India's share in Asia**) 2.46 4.
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101 Fig 6: Comparative Trend in RCA
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Report of the Joint Study Group on the Feasibility of India-Indonesia ...

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