India Ready to Invest US$20 Bn in Indonesia

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The Capital Investment Coordinating Board (BKPM) figures a handful of Indian investors will put in around US$20 billion of investment this year.

According to BKPM Head, Gita Wirjawan, the South Asian investors are staking in the infrastructure sector. The financing will be aimed at the development of railroad system, harbors and smelters.

In 2011, BKPM is targeting to have 15 percent rise of investment compared to the previous five years. Gita also said the Indonesian government will hold a tender of public-private partnership.

Four projects will be put to tender, including a terminal in Bali, steam-based power plants in Central Java, and railroad system in Jakarta.

source : vivanews.com

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