Are other Indian banks, besides ICICI Bank, planning to expand their operations in Indonesia?
Yes. I think State Bank of India and a couple of other Indian banks are keen on buying banks in the country. They want to buy local banks there. What do you think, are the new opportunities opening up for Indian banks in Indonesia? Well, there is great potential in both the Indian and Indonesian economies. That is why it should be enriched by good financial services. I do not see any problem with this. Is there any movement on the proposal to introduce a single Asian currency unit, akin to the European Unions euro? I do not see that it is a priority at the moment. After the (Asian financial) crisis, we are now trying to stabilise, reconstruct and coordinate our economies. Indian companies are expanding their overseas operations and regulators here are significantly liberalising overseas investment rules. Do you plan any incentives to attract more Indian investments to Indonesia? We are quite open already. Of course, we would like to have a high quality relationship because that can be
