http://www.thejakartapost.com/news/2011/06/15/top-global-firms-pledge-20b-new-investment.html
JAKARTA-Investment commitments made by major global companies during the first World Economic Forum (WEF) on East Asia in Jakarta this week reached a total of US$20 billion, according to the Investment Coordinating Board (BKPM).
BKPM chairman Gita Wirjawan said in Jakarta after the closing of the WEF event on Monday that the investment commitments were made by major businesses from the United States, Europe and South Korea, including Microsoft, Cisco Systems, Chevron, Unilever, Metro AG, Nestle as well as India’s GVK and GMR.
GVK and GMR, respectively, would invest about $5 billion in airports, power plants and rail roads, among others. Meanwhile, South Korea’s Lotte and Hanwha Group are expected to respectively invest up to $5 billion.
Beverage giant Coca Cola, which pledged to invest $500 million in Indonesia, expressed interest in increasing its investment by four- to five-fold and India’s Essar Group wanted to build power plants, steel factories and trains with an estimated minimum investment of $5 billion.
“Nissan, Daihatsu, Tata Motor in the automotive sector also wanted to build factories worth hundreds of dollars, respectively,” Gita said. He added that Procter & Gamble (P&G) and General Electric (GE) had also made the same commitments.
Nestle and Metro AG recently announced $200 million and $350 million in new investments in Indonesia, respectively, for a new milk factory in West Java and wholesale shopping center across the country.
“Unilever has also been employing at least 4,000 workers. Unilever is currently thinking about how to employ 8,000 to 10,000 workers,” Gita added signaling more investments from the European consumer goods giant.
Indonesia’s stellar economic performance amid the global economic slowdown has attracted more and more investment into the country, which has a domestic consumption-reliant economy and rising middle class, which means increasing demand for goods.
“I am fully convinced that they are all committed to this,” Gita said. “It all depends on our willingness in accommodating their interests on the regulation-side.”
On Monday, the office of the Coordinating Minister for the Economic was also visited by a number of potential investors who showed serious interest in investing in the country, including Microsoft, Unilever, Chevron and Mitsubishi Motors.
“Microsoft has offered a partnership to grow the MP3EI [master plan for the acceleration and expansion of Indonesia’s economic growth] program mainly in the connectivity side,” Coordinating Minister for the Economy Hatta Rajasa said at his office on Monday.
Indonesia has outlined a master plan to become among the world’s 10 largest economies by 2025 with needs of investment worth hundreds of trillions of rupiah to develop six economic corridors across the country.(*)
JAKARTA-Investment commitments made by major global companies during the first World Economic Forum (WEF) on East Asia in Jakarta this week reached a total of US$20 billion, according to the Investment Coordinating Board (BKPM).
BKPM chairman Gita Wirjawan said in Jakarta after the closing of the WEF event on Monday that the investment commitments were made by major businesses from the United States, Europe and South Korea, including Microsoft, Cisco Systems, Chevron, Unilever, Metro AG, Nestle as well as India’s GVK and GMR.
GVK and GMR, respectively, would invest about $5 billion in airports, power plants and rail roads, among others. Meanwhile, South Korea’s Lotte and Hanwha Group are expected to respectively invest up to $5 billion.
Beverage giant Coca Cola, which pledged to invest $500 million in Indonesia, expressed interest in increasing its investment by four- to five-fold and India’s Essar Group wanted to build power plants, steel factories and trains with an estimated minimum investment of $5 billion.
“Nissan, Daihatsu, Tata Motor in the automotive sector also wanted to build factories worth hundreds of dollars, respectively,” Gita said. He added that Procter & Gamble (P&G) and General Electric (GE) had also made the same commitments.
Nestle and Metro AG recently announced $200 million and $350 million in new investments in Indonesia, respectively, for a new milk factory in West Java and wholesale shopping center across the country.
“Unilever has also been employing at least 4,000 workers. Unilever is currently thinking about how to employ 8,000 to 10,000 workers,” Gita added signaling more investments from the European consumer goods giant.
Indonesia’s stellar economic performance amid the global economic slowdown has attracted more and more investment into the country, which has a domestic consumption-reliant economy and rising middle class, which means increasing demand for goods.
“I am fully convinced that they are all committed to this,” Gita said. “It all depends on our willingness in accommodating their interests on the regulation-side.”
On Monday, the office of the Coordinating Minister for the Economic was also visited by a number of potential investors who showed serious interest in investing in the country, including Microsoft, Unilever, Chevron and Mitsubishi Motors.
“Microsoft has offered a partnership to grow the MP3EI [master plan for the acceleration and expansion of Indonesia’s economic growth] program mainly in the connectivity side,” Coordinating Minister for the Economy Hatta Rajasa said at his office on Monday.
Indonesia has outlined a master plan to become among the world’s 10 largest economies by 2025 with needs of investment worth hundreds of trillions of rupiah to develop six economic corridors across the country.(*)
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