India want to invest U.S.$ 5 billion in Indonesia

JAKARTA: The Anil Dhirubhai Ambani, Reliance Group, India's boss, is committed to instilling new investment in Indonesia worth U.S. $ 5 billion-US $ 10 billion in various sectors.

BKPM head Gita Wirjawan said an investment of U.S. $ 5 billion - U.S. $ 10 billion in foreign acquisitions of coal mines was doing in South Sumatra.

"That was Anil Ambani to submit a number of new investment plans to President Susilo Bambang Yudhoyono, who wants to invest in some sectors, infrastructure, railways, power plants and mines, the financial sector to the media and entertainment business," said Gita after accompanying President Yudhoyono receives top executives Reliance Group at the Presidential Palace on Wednesday (05/18/2011).

Accompanying the Head of State, among others, Minister of Industry, MS Hidayat, Minister Djoko Kirmanto Pu, and Transportation Minister Freddy Numberi.

Gita added a number of strategic projects aimed by Reliance is the development of railway projects and railway Raillink Jabodetabek Fire lane Soekarno-Hatta Airport, acquisition finance and media company, investment solar power, coal and geothermal.

In this regard, he added, including Anil desire to build a railway network in South Sumatra for coal transport modes needs of mine who just bought into the port of shipment in the area.

"To train them to wait for proposals from the government. Later they will join the tender if the government opened a tender its investment," he said.

According to Gita, the investment in airport projects raillink possibility of using the pattern of government and private cooperation.

At present, says Gita, along with Anil's Reliance management plans to continue its journey to the South Sumatra to look the coal mine that has been their acquisition. (*)

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