Heavy Equipment Investment Valued at US$1 Billion

From: Tempo Interactive

TEMPO Interactive, Jakarta:Budi Dharmadi, the Director General of Technology Based-Industry at the Industry Ministry, has targeted an investment of US$ 1 billion in heavy equipment for the next 4-5 years. The investment is expected to bring about 8 to 9 percent of industrial growth per year.

There are at least five potential investors with US$ 150 million each to be invested. Other investment will follow, especially in the supporting component production sector, with a value that could amount to 40 percent of the principal investment.

KARTIKA CANDRA

TEMPO/Heavy Equipment Investment Valued at US$1 Billion