Indonesian delegation seeks investment from U'khand bizmen

Dehradun, Apr 5: An Indonesian delegation has sought investments from industrialists in Uttarakhand in sectors like education and infrastructure in their country.

Leading the delegation, Ambassador of Indonesia to India Lt Gen (R) Andi M Ghalib told reporters last evening that India can invest in several areas especially education as his country is lacking in good schools.

Ghalib said he found the response from industrialists of the hill state positive, saying they have shown keen interest in exploring the investment opportunities in Indonesia.

The ambassador said the delegation would make similar visits to other states in the coming days to invite investments.

He added that Indian investment in Indonesia has increased to USD 44 million in 2010 from USD 11.6 million in 2007.

Indian investment is present in various industries including mining, automotives and machinery, clothing, agriculture and chemical, he said.

Ghalib said Indonesia is the biggest economy in the association of Southeast Asian nations and its GDP is growing despite the worldwide economic slowdown. "This provided a good and optimistic environment for business opportunities in Indonesia," said Ghalib.

PTI