JAKARTA (TheInsiderStories) – Indonesia welcomed Indian investors at a business gathering on infrastructure and energy sector here on Monday (19/3) which aimed at enhancing bilateral cooperation between the two major economies in Asia.
Indonesian Transportation Minister Budi Karya Sumadi offered Indian investors to involve in a number of infrastructure projects, such as ports, airports and railway projects in Indonesia.
Foreign investors are encouraged to be involved in the construction of ports, and airports, especially those who have experiences in the sector, Budi said when delivering a speech at the India-Indonesia Infrastructure Forum (IIIF) on Monday.
“I think good relations between Indonesia and India could be deepened, expanding to more concrete activities especially in the airport and port development. It is also not impossible in railway development projects,” he said as quoted on Antara News Agency.
The large-scale projects offered to Indian investors are including expansion of Kualanamu airport of Medan and Sultan Aji Muhammad Sulaiman airport of Balikpapan and medium scale projects such as Radin Inten II airport of Lampung, Juwata airport of Tarakan and Komodo airport of Labuan Bajo.
Seaport projects offered to Indian investors include the Kuala Tanjung port of North Sumatra and Bitung port of North Sulawesi.
“The other projects include small ones in Central Indonesia,” he said.
Limited concession for management of infrastructure is offered on a number of considerations such as the need for fund and technology, he added. “We also want foreign investors collaboration to win positive sentiment from a country. India is quite influential to give positive sentiment,” he said.
In addition, Indonesia is also expected to be able to increase competitiveness in offering investment projects. Minister of Coordinating Maritime Affairs Luhut Pandjaitan outlined that the government has offered hydropower plant projects to Indian investors and explained some details in tax incentives.
“We explained about tax holiday and tax allowance facilities, and they seem to be happy about it,” said Pandjaitan.
Indonesia is India’s largest trading partner in the ASEAN region with total investment US$15.7 million for 243 projects in 2017.
Written by Elisa Valenta, email: firstname.lastname@example.org