India’s Unified Payments Interface (UPI) will be integrated with Indonesia’s payment system, Prime Minister Narendra Modi announced, saying the move will make doing business and travelling between the two countries easier.
"We are delighted that India’s UPI is set to be integrated with Indonesia’s payment system. This will boost both the ease of doing business and the ease of travel," addressing a joint press meet with Indonesian President Prabowo Subianto, the Prime Minister said.
Supply chains and technology cooperation
Prime Minister Narendra Modi said India and Indonesia are strengthening cooperation in technology and strategic industries.
"In today's era, supply chain resilience in technology is of great importance. A significant agreement has also been reached to further strengthen supply chains in the critical minerals and steel sectors. New partnerships are being forged between our companies regarding stainless steel and rare-earth magnets," he said.
Cultural and education ties
Modi said he and Indonesian President Prabowo will launch the conservation project for the Prambanan Temple in Yogyakarta, describing the more than 1,000-year-old temple as a symbol of the shared cultural heritage of India and Indonesia.
"Tomorrow I will have the privilege of launching the conservation project for the Prambanan Temple in Yogyakarta alongside President Prabowo. More than a thousand years old, the Prambanan Temple stands as a symbol of the shared cultural heritage of India and Indonesia," he said.
The Prime Minister also announced that India and Indonesia will celebrate the centenary of Gurudev Rabindranath Tagore's historic visit to Indonesia as the 'Tagore-Dewantara Year of Cultural and Educational Diplomacy.'
He said Indonesia's first Education Minister, Dewantara, drew inspiration from Gurudev Tagore's philosophy of education.
Modi said the two countries are expanding cooperation across multiple sectors.
"We are taking important steps in every area: development, security, technology, culture, and education. I am confident that from today, a golden chapter of the India-Indonesia partnership will begin. This golden chapter will have a very large positive impact on the world of the 21st century," he said.
