India Set to Invest in Coal-based Power Plant

VIVAnews - Indian Ambassador to Indonesia, Gurjit Singh, with Indonesian Vice President, Boediono, today, talked about India's intention to boost investment in several sectors. 

"[Gurjit Singh] said India is willing to invest more in Indonesia particularly in several sectors such as coal-based power plant, manufacturing industry, steel, and so on," said Vice Presidential spokesperson, Yopie Hidayat, on Wednesday. 

"There's a chance that India will fully support business people who are willing to invest in Indonesia through soft loans," he said. 

However, Yopie said that the fund can also be disbursed through either public-private partnership or foreign direct investment. 

In addition to economic issues, Yopie said that Gurjit also pointed out India's consent of reaching out to Indonesian youths. "People of India and Indonesia should have closer connection with each other as both nations have shared the same cultural backgrounds," he said. 

The Indonesian Vice President welcomed the gesture of building people-to-people relationship. 

"The Indonesian vice president embraced the idea and emphasized the sentiment between the two nations taking into account the historical and cultural backgrounds that have been shared for thousands of years," said Yopie.