Jakarta (VNA) – Indonesia aims to lure 30.07 billion USD of direct investment commitments from China in 2016, an increase of 32.5 percent from last year, according to Franky Sibarani, chief of the country’s Investment Coordinating Board (BKPM).
In a bid to achieve the target, BKPM organised visits to three major cities in China – Shanghai, Beijing and Huzhou – during the first three months of this year to directly approach potential investors.
It successfully secured about 10.8 billion USD worth of direct investment commitments during the visits.
Ten other Chinese cities, namely Guangdong, Jiangsu, Shandong, Zhejiang, Henan, Hebei, Liaoning, Sichuan, Hubei and Hunan, were also listed as main targets for investment attraction, Franky said.
Indonesia is China’s second largest investment destination, after the US. From 2010-2015, China invested approximately 220 billion USD overseas, with around 23 billion USD pouring into Indonesia, mostly in building materials, renewable energy, rubber and electronic components.
The BKPM chief said while there is no exact calculation on the ratio between commitment and realised investments, he was confident that actual investment from China would be on the rise this year, particularly with the planned establishment of a China desk next month, that will provide help for Chinese investors in dealing with Indonesian investment issues.-VNA
