JAKARTA (TheInsiderStories) - A number of Singapore investors are planning to invest $165 million (Rp1.09 trillion) in telecommunication and pharmacy sectors in Indonesia, the Investment Coordinating Board (BKPM) stated in press statement on Sunday.
The Head of BKPM Franky Sibarani said, a Singapore telecommunication firm wants to invests $150 million, while another investor has expressed its interest to invest in the pharmacy industry worth $15 million. He did not disclose the name of the companies.
The investors, he said, are interested in building a fiber optic network in Jakarta and Surabaya, East Java ant other big cities on Java island that will connect the entire island of Java without any affiliation with other telecommunications service providers.
The Singapore investor, which already has 20 years experience in construction, operation and maintenance of telecommunications infrastructure, is planning to establish two companies in Indonesia to handle the whole project.
Currently, the company has owned and operated 8,600 kilometers fiber optic network installed in Cambodia and 5,000 kilometer fiber optic network installed in Myanmar.
He added the Singapore company is willing to invest in pharmacy sectors currently has a data center operated in India. The company is the first company who utilize nano-technology for pharmacy industry.
“Its product is a medicine used to protect live cell from cancer and eliminate cancer,” Franky said, by adding Indonesia needs investment in pharmacy industry to boost technology transfer.
From the data released by BKPM period from January to September 2015, Singapore was the country with the highest investment value of $3.5 billion, followed by Malaysia at $2.9 billion, Japan $2.5 billion, South Korea $1.0 billion and the Netherlands $ 900 million.
The country has recorded Foreign Direct Investment of US$ 30 billion up to the third quarter 2015, with total 6,868 projects in the transportation, telecommunication, warehousing, plantation, mining, mineral and non-metal sectors as well as in the power generator sector. (*)