Wed, 30 Sep 2009
From: Tempo Interactive
By TEMPO Interactive, Jakarta:
Several entrepreneurs from the USA have expressed their interest in investing in the power plant sector in Indonesia.

They said this when meeting Indonesian President Susilo Bambang Yudhoyono in Boston, Massachusetts, USA, on Sunday (27/9).

Some 220 CEOs of American companies from various places including Chicago, New York, and Washington attended the meeting.

The meeting was led by President Yudhoyono and Massachusetts Senator John Kerry.

Head of the Indonesian Chamber of Commerce & Industry, M.S. Hidayat, also attended the meeting together with 60 representatives of Indonesian entrepreneurs.

Hidayat explained that American entrepreneurs were targeting investment in power plants because macroeconomic conditions in Indonesia are already extremely good.

“They also consider the political situation in Indonesia to be stable,” said Hidayat via phone to Tempo.

Despite recent acts of terrorism in the country, Hidayat explained that American investors believed the Indonesian government could handle the situation.

He went on to say that in the next five years, Indonesia will have many infrastructure programs that have to be completed and American entrepreneurs want to be involved.

“They want to invest in private partnerships with the central and regional governments,” Hidayat explained.

He also said that American entrepreneurs were optimistic the American economy would recover in 2010.

“It will be much better than what people expect. People's purchasing power will have recovered and so they will be able to buy products from Indonesia like garments, textiles, and shoes,” said Hidayat.

As quoted by Antara, president Yudhoyono has offered investment opportunities to American entrepreneurs in electricity and agricultural projects.

President Yudhoyono said that after the world financial crisis, the Indonesian economy remained stable and would return to economic growth of 6 percent like before the crisis.

VENNIE MELYANI | MARIA HASUGIAN



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