India offers IT solutions to Indonesian financial sector

Jakarta, March 7: Top Indian IT solutions companies shared their technical knowhow and services solution perspectives with the Indonesian banking and financial sectors to promote enhanced cooperation in this field between the two countries.

IT industry players, with their global reputation for IT solutions, interacted with the Indonesian banking and financial sectors at a seminar "Role of IT in Financial Sector Transformation: Lessons for Indonesia" Thursday organised by the Indian embassy in the Indonesia capital in association with major IT companies like Altruist, HCL, Tata Consultancy Services, Tech Mahindra and consultancy firm IndonesiaWISE.

The seminar was attended by Indonesian banking and financial sector players like Bank Negara Indonesia, Bank Danamon, Prudential Life among many others.

The embassy brought together all the stakeholders at one platform in order to share knowledge and experience and discuss new ideas for enhanced cooperation between the two countries, Manish, deputy chief of mission, said in his address.

He said Indian IT companies have excellent track record within ASEAN countries and in Indonesia they not only provide solutions but also help in skill transfer and capacity building.

Azhar Hasyim, deputy director general for e-business, ministry of communications and information technology of Indonesia, said IT usage in the country was popular and high and the government aimed to provide more public services through IT-enabled routes.

Indian companies have made investments in Indonesia across sectors to the tune of $15 billion in textiles, steel, infrastructure, power, automotive, mining machinery, banking and consumer goods sectors.

India and Indonesia are strategic partners and have strong economic and commercial relations. Indonesia is the second largest trading partner of India in ASEAN with bilateral trade having tripled in the last five years to $20 billion.