India and Indonesia signed agreements in health, education and other sectors on Tuesday, including one on the establishment of an overseas campus of the Indian Institute of Management (IIM) Bangalore, Prime Minister Narendra Modi announced in Jakarta.
Mr. Modi landed in Jakarta on Monday to a red-carpet welcome in the first leg of his three-nation tour, which will also cover Australia and New Zealand, to strengthen trade and security cooperation. “We are going to establish an overseas campus of the prestigious Indian Institute of Management Bangalore in Indonesia. This will greatly benefit young people across the ASEAN region,” Mr. Modi said while delivering a joint press statement with Indonesian President Prabowo Subianto.
The IIM Bangalore campus will be set up at the Singhasari Special Economic Zone in Indonesia’s East Java province.
IIM Ahmedabad was the first premier Indian business school to open a campus outside India. It was launched in Dubai last year.
In the health sector, India’s Central Drugs Standard Control Organisation and Indonesia’s National Agency of Drug and Food Control signed a memorandum of understanding.
