Indonesia Intensifies Efforts to Attract Indian Investment in Metals Industry

Jakarta — Indonesia’s government is currently engaged in intensive communication with India’s government to encourage Indian investment in the country, particularly in the metal processing industry.

Deputy Minister of Energy and Mineral Resources Yuliot Tanjung stated that his office recently met with the Secretary General of India’s Ministry of Steel. During this meeting, the government discussed various matters, including efforts to encourage Indian metal industry companies to invest in Indonesia.

“One of the things they asked about was how to strengthen cooperation, which would be formalised through a cooperation agreement or Memorandum of Understanding,” he said when met at the Ministry of Energy and Mineral Resources in Jakarta on Friday, 27 February 2026.

“Regarding the cooperative framework, in principle we have agreed that further discussions will take place, with the framework being finalised at ministerial level. So this cooperation is from India’s side, and they will also encourage Indian companies to invest in Indonesia, particularly in the metals industry,” he explained.

“Additionally, there is also an understanding that there will be downstream development from the metals industry into equipment or capital goods industries that could be jointly developed. This is the second point,” he added.

The third point, he continued, involves developing capital goods in the form of research and innovation that is more efficient in energy utilisation.

“These are what we have agreed upon. In the discussion, India will present a draft MoU. We will also consult with the Ministry of Foreign Affairs regarding the framework of the MoU to be discussed and subsequently followed up with signing between the Energy and Mineral Resources Minister of Indonesia and India’s Steel Minister,” he said.