TEMPO.CO, Jakarta-The Investment Coordinating Board (BKPM) noted that the United States' investment plans in Indonesia amount to US$2.4 billion (Rp32.7 trillion); the result of President Joko Widodo's visit to the country.
According to BKPM chief Franky Sibarani,, the investment plan comprises US$1 billion in the food, beverage and tobacco sector; US$600 million in the electricity sector; US$750 million in the agribusiness sector; US$12 million in heavy equipment/machinery; and the remainder goes to the paper and printing industries.
Franky said that each of those allocations are in the form of statements of investment.
"The investment plan identified by BKPM is part of an Indonesia-US business deal worth US$20 billion," he said in a statement on Tuesday, October 27, as Bisnis Indonesia reported.
The BKPM's records show that since 2010 until the third quarter of 2015, America's investment in Indonesia totaled at US$8 billion.
The investment is spread across Indonesia's top five sectors: mining (US$7.2 billion), trade/repair (US$258 million), food industry (US$167 million), transportation tools (US$142 million), and chemicals/pharmaceuticals (US$56 million).
The US is among Indonesia's top 10 investors. From January to September this year, the Americans have realized US$854 million of their investments in Indonesia.
BISNIS | RR
