- VIVAnews/Tri Saputro
VIVAnews - Indian investors are expected to chip in US$15 billion of investment to Indonesia. The fund is part of the deal that Susilo Bambang Yudhoyono will sign by late January 2011.
"We're not talking about the realization in the first place," said Coordinating Minister for the Economy, Hatta Rajasa, today, Jan 20.
According to Hatta, the investment will be allocated to develop railway system in South Sumatera worth around US$1.5 billion to US$2 billion. Most of the fund will be set aside for other infrastructure projects.
Industry Minister MS Hidayat said the cooperation between Indonesia and India will be carried out through business-to-business and government-to-government schemes.
The Ministry of Industry will also sign a deal with Primex to gain more benefit from ironsand.
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Translated by: Bonardo Maulana W
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