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India Seeks Direct Investment in Indonesia: Globe

Investment which actually comes from India but is routed via Singapore is about $54 billion, according to New Delhi’s ambassador in Jakarta


Indonesia
Traffic in Jakarta. India has set ambitious goals for investing in Indonesia. Photo: AFP

 

India hopes to explore the largely untapped economic potential in its relationship with Indonesia by making direct investments without a third-country channel, the Jakarta Globe reported.

“Indian investment in the last 20 years has been nearly $1.5 billion, but the investment which actually is from India but is routed from Singapore is about $54 billion,” New Delhi’s ambassador in Jakarta Manoj Kumar Bharti said.

Read the full report: Jakarta Globe.

 

 

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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