Report of the Joint Study Group on the Feasibility of India-Indonesia ...
Report of the Joint Study Group on the Feasibility of India-Indonesia ...
Report of the Joint Study Group on the Feasibility of India-Indonesia ...
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74<br />
IV.4.9.2. <strong>India</strong><br />
Given <strong>India</strong>'s unique endowments <str<strong>on</strong>g>of</str<strong>on</strong>g> biodiversity, forests, rivers, mountains, historical<br />
places, temples and pilgrims, caves, museums, m<strong>on</strong>uments and culture, <str<strong>on</strong>g>the</str<strong>on</strong>g> industry holds<br />
immense strength for obtaining higher growth rate. <strong>India</strong> <str<strong>on</strong>g>of</str<strong>on</strong>g>fers various categories <str<strong>on</strong>g>of</str<strong>on</strong>g> tourism<br />
products, such as adventure tourism; medical tourism (ayurveda and o<str<strong>on</strong>g>the</str<strong>on</strong>g>r forms <str<strong>on</strong>g>of</str<strong>on</strong>g> <strong>India</strong>n<br />
medicati<strong>on</strong>s), eco-tourism; rural tourism; cruise tourism; meetings, incentives, c<strong>on</strong>ferences,<br />
and exhibiti<strong>on</strong>s (MICE) tourism; etc<br />
IV.4.9.3. Recommendati<strong>on</strong>s<br />
<strong>India</strong> and Ind<strong>on</strong>esia could organise <str<strong>on</strong>g>Joint</str<strong>on</strong>g> Tourism Promoti<strong>on</strong> efforts to increase two-way<br />
tourism between <str<strong>on</strong>g>the</str<strong>on</strong>g> two countries. These efforts could include tourism fairs as well as<br />
exchange visits <str<strong>on</strong>g>of</str<strong>on</strong>g> tour operators.<br />
IV.4.10. C<strong>on</strong>structi<strong>on</strong> and Related Engineering Services<br />
Ind<strong>on</strong>esia now permits investment in every field <str<strong>on</strong>g>of</str<strong>on</strong>g> infrastructure but <strong>on</strong>ly with <str<strong>on</strong>g>the</str<strong>on</strong>g> joint<br />
venture with Ind<strong>on</strong>esian owned firms.<br />
<strong>India</strong> also allows 100 per cent FDI in c<strong>on</strong>structi<strong>on</strong> and development projects, especially in<br />
c<strong>on</strong>structi<strong>on</strong> <str<strong>on</strong>g>of</str<strong>on</strong>g> townships, housing, commercial premises, hotels, resorts, hospitals,<br />
educati<strong>on</strong>al instituti<strong>on</strong>s, recreati<strong>on</strong>al facilities, and city and regi<strong>on</strong>al level infrastructure.<br />
Foreign c<strong>on</strong>sultants and architects are also allowed to provide c<strong>on</strong>sultancy services in real<br />
estate and integrated townships in <strong>India</strong>.<br />
The growth <str<strong>on</strong>g>of</str<strong>on</strong>g> both <str<strong>on</strong>g>the</str<strong>on</strong>g> <strong>India</strong>n and <str<strong>on</strong>g>the</str<strong>on</strong>g> Ind<strong>on</strong>esian ec<strong>on</strong>omy has created a huge need for<br />
quality infrastructure in both countries. This has fur<str<strong>on</strong>g>the</str<strong>on</strong>g>r created opportunities for enhanced<br />
trade in <str<strong>on</strong>g>the</str<strong>on</strong>g> c<strong>on</strong>structi<strong>on</strong> services sector for both countries.<br />
IV.4.10.1. Recommendati<strong>on</strong>s<br />
As 100 per cent FDI is allowed in this sector in <strong>India</strong>, Ind<strong>on</strong>esian service provider can tap <str<strong>on</strong>g>the</str<strong>on</strong>g><br />
huge potential in <str<strong>on</strong>g>the</str<strong>on</strong>g> <strong>India</strong>n c<strong>on</strong>structi<strong>on</strong> and infrastructure sector.<br />
<str<strong>on</strong>g>Joint</str<strong>on</strong>g> venture between <strong>India</strong>n and Ind<strong>on</strong>esian companies may be leveraged to participate in<br />
global c<strong>on</strong>structi<strong>on</strong> projects.