Indian Investor Lyrics Two Infrastructure Projects in East Java
By : Ridwan And Aldi Firhand. A | Tuesday, May 29 2018 - 21:41 IWST
Illustration of Infrastructure Development (Ist)
INDUSTRY.co.id - Jakarta, an Indian investor interested in investing in two infrastructure projects and tourism in East Java, as a result of "East Java Business Forum Meeting" held in New Delhi, India, in April.
Two projects of interest to Indian investors are the construction of Tanjung Tembaga Port worth Rp206 billion in Probolinggo and Pantai Putih Situbondo with an investment of Rp120 billion.
"PT Delta Artha Bahari Nusantara, a BUMD that manages the port development, is ready to cooperate and meet (with Indian investors)," said Indonesian Ambassador to India Sidharto R. Suryodipuro in Jakarta (28/05/2018).
In addition to these two projects, Indian MSME actors are also interested in working with Indonesia in the field of food processing.
It is said Sidharto that the enthusiasm of Indian businessmen to work with Indonesia is quite high, even the Confederation of Indian Industries (CII) plans to open an office in Indonesia.
"For 10 months I was in New Delhi felt there was a strengthening interest in Indonesia," he said.
The potential for cooperation is well responded by East Java Governor Soekarwo who last month led 30 Indonesian business actors from various sectors such as machinery, electronics, automotive, metal industry, industrial and pharmaceutical industries in a business forum in New Delhi.
Currently East Java already has 10 industrial zones and will add nine industrial estates and two special economic zones (KEK) to the tourism sector that is in the process of construction.
East Java Provincial Government, said Soekarwo, is ready to facilitate foreign investors with accelerated licensing, availability of manpower, ease of land procurement in industrial areas, and smooth supply of electricity.
Meanwhile, India's investment value in East Java has now reached 792 million US dollars (Rp11.08 trillion) with 67 projects spread across several districts. The leading sectors of Indian investment in the province are metal, machinery, electronics and food processing industries.
East Java exports to India in 2017 worth 585 million US dollars (Rp8, 18 trillion) with major products such as iron and steel, wood, and organic chemicals. While imports from India India reached 618 million US dollars (Rp8, 65 trillion) with the main commodity in the form of iron and steel, grains, chemical products, and machinery.
India is the seventh largest trading partner of East Java after Japan, US, China, Singapore, Switzerland and Malaysia.