Indonesia expect US$ 50 billion FDI from India in 5 years

Kolkata: Indonesia is expecting foreign direct investment worth US$ 40-50 billion over the next five years from India which would be one-third of the total inward FDI aimed by Indonesia, said Indonesian Ambassador to India Mr R W Indrakesuma in a session with the members of Indian Chamber of Commerce (ICC). Indonesia is focusing on areas such as infrastructure, maritime, energy, and manufacturing for FDI. Direct investments from India are expected to rise in the future as a result of greater cooperation between the two countries. The three Indian majors, Adani, Essar, and Tata have signed a MoU for investment in Indonesia that could be around US$ 4-5 billion over a period of time.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.