Thu, 30 Dec 2010

TEMPO Interactive, Bandung:The West Java government is opening up the sectors of food, energy and water to foreign investors and is targeting 10 percent growth in investment in the region next year.

“The government will concentrate on the downstream processing industry,” said Agus Gustiar, the West Java Coordination, Promotion and Investment Agency chief in Bandung yesterday.

During 2010, foreign investment totaled Rp27.9 trillion. Domestic investment grew by 110 percent or Rp18.67 trillion compared to the projection early this year of Rp8.9 trillion. The West Java government hopes that one of three geothermal projects will be in operation in 2011. “We want to attract Asian investors, especially China,” Agus said.