JAKARTA (TheInsiderStories) - Chairman of National Investment Coordinating Board (BKPM) Thomas Trikasih Lembong said some investors from United States (US) have shown their express to invest more in Indonesia. Currently, 95 percent of US foreign direct investments were in oil, gas and mining.
According to him, foreign investments, including those from the US, have shifted to the downstream sector, in line with the government’s efforts to lessen the investments in the extractive industry and boost economic diversification.
Several investors from US like General Electric (GE), component manufacturers, IT companies have set plans to invest in Indonesia. GE and state-owned power producer PT Perusahaan Listrik Negara (PLN) have signed MoU to operate mobile power generators with total investment up to $1 billion.
At the same event, Coordinating Minister for the Economy Darmin Nasution said that although the country’s foreign direct investments stood at $893.2 million in 2015, lower than $1.3 billion in 2014, there were a lot of untapped investment potentials. The US is Indonesia’s seventh-largest foreign investor in Indonesia.
“The US will continue to remain one of Indonesia’s most important economic partners in the years to come,” said Darmin, citing the $20.25 billion in deals committed by US businesses during Jokowi’s visit to Washington late last year.