Thu, 03 Nov 2011

Bandung, W Java (ANTARA News) - West Java`s International Expo (WJIE) 2011 is offering a number of the region`s business potentials and opportunities to foreign and domestic investors.

"There are 52 investment potentials in West Java showcased in the West Java International Expo 2011," said Agus Gustiar, head of West Java`s Capital InvestmentCoordinating Agency (BKPMD), here Tuesday.

Agus said the international level expo aimed to directly bring together and describe a number of potential investments in a number of locations in 26 districts / cities in West Java province.

"The event is expected to attract investors to invest in West Java, such as in the geothermal sector, agribusiness, infrastructure, manufacturing and production sectors," said Agus.

According to Agus, one of the investment potenials being offered at WJIE was a project needing more than Rp10 billion while all the investment potentials combined would require trillions of dollars.

However, the infrastructure sector project bidding such as toll roads, transportation, utilization of geothermal and manufacture is the most prominent sectors compared to the agribusiness sector.

"Everybody has equal opportunities at the investment expo, each project gets a promotion opportunity and to attract investors," he said.

The event is attracting some foreign investors such as from China, Japan, Vietnam, Mexico, Venezuela, Germany, Malaysia, Singapore, South Africa, India and a number of European countries, Middle East and Africa.

There are also several projects that are offered such as a garbage-based power plant (PLTS) in Bandung city, Geothermal potential in Mount Ciremai, West Java International Airport (Kertajati), toll roads, waste management as well as investments in the secondary sector industry textiles, automotive and agribusiness.

"Intereast of investment in agribusiness sector has begun to rise in South Garut region, however adequate infrastructure provision must also support the sector," Agus said. (*)