Finance
As part of his State Visit to Indonesia, Prime Minister Shri Narendra Modi was today warmly received by the President of the Republic of Indonesia, H.E. Mr. Prabowo Subianto at the Istana Merdeka (Presidential Palace) and accorded a ceremonial welcome. This was the first meeting between the two leaders since President Prabowo’s State Visit to India in January 2025 as the Chief Guest for India’s 76th Republic Day celebrations.
The leaders held official talks in both restricted and delegation-level formats. They reviewed the entire gamut of the Comprehensive Strategic Partnership encompassing trade and investment, defence and security, maritime cooperation, digital and financial technology, energy, healthcare and pharmaceuticals, space, critical minerals and rare earths, culture, tourism, agriculture and people-to-people exchanges. The two leaders welcomed the launch of Indonesia Open Network (ION) based on Open Network for Digital Commerce (ONDC) of India. To mark the centenary of Gurudev Rabindranath Tagore’s visit to Indonesia in 2027, Prime Minister Modi announced that the two countries would jointly celebrate the occasion as “Tagore-Dewantara Year for Cultural and Educational Diplomacy”.
The leaders also exchanged perspectives on regional and global issues of mutual interest. They discussed further strengthening of the ASEAN-India Comprehensive Strategic Partnership. They reaffirmed their commitment towards a free, open and rules-based Indo-Pacific. In this context, Prime Minister underlined India’s MAHASAGAR (Mutual and Holistic Advancement for Security and Growth Across Regions) vision. President Prabowo conveyed Indonesia’s full support for India’s ongoing Presidency of the BRICS in 2026.
Following the talks, the leaders witnessed the exchange of MoUs/agreements in the fields of defense, critical minerals and rare earths, science and technology, education, electoral practices, telecommunications, agriculture, maritime security, space, steel supply chain, disaster management, medical products regulation, health workforce collaboration, among others. A Letter of Intent on India’s support for the conservation and restoration of UNESCO World Heritage Site of the Prambanan Temple Complex, Yogyakarta was also exchanged. The full list of MoUs/ agreements exchanged may be seen here [Link]
Following the talks, President Prabowo hosted a luncheon in honour of Prime Minister. Prime Minister thanked President Prabowo for his gracious hospitality and invited him to visit India.
Source: PIB
