TEMPO Interactive, Jakarta:Gita Wirjawan, the Investment Coordinating Board （BKPM） chief, estimated that India抯 potential investment can reach US$5 billion within the next three to five years. 揑 met with over 12 companies, most of whom have expressed their interest in investing in Indonesia,?Gita said yesterday.
The sectors Indian investors were mostly interested in were coal mining, power generation, ports, trains, and bauxite smelters. One particular sector is mining because one of the Indian companies was interested in building a smelter to process bauxite and produce aluminum.
A delegate of BKPM officials and a number of businessmen recently went to India to study investment possibilities for Indonesia.
In mid August last year, the free trade agreement between ASEAN and India was signed. Expectations were high that investment and trade between the two countries would be accelerated following the agreement.
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