Indonesia, Southeast Asia’s largest economy, increased the depth and breadth of its ties with emerging economic giant India by signing joint venture agreements on Tuesday that will commit US$15 billion worth of new investments and more than double bilateral trade to $25 billion in 2015 from $12 billion last year. With the agreements signed by President Susilo Bambang Yudhoyono during his visit to New Delhi earlier this week, Indian companies will develop mineral resources and build basic infrastructure such as railways and airports in Indonesia. (The Jakarta Post)
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