Taiwanese business delegation seeks opportunities in Indonesia
Indonesia continues to show off its economic opportunities to overseas investors, and this week Taiwan is paying a visit with a large business delegation led by Economic Affairs Minister Shih Yen-shiang.
As of June 2010, Taiwan already has US$14 billion invested in Indonesia, seeing it as an important producer of manufactured goods including motorcycle and bicycle parts, electrical goods and clothes. Shih said Indonesia represented an important investment country in Southeast Asia for Taiwan, and those words will be welcome: Indonesia needs a big increase in foreign investment to help fund US$156 billion in planned infrastructure improvements and grow its economy by 7.7% by 2014. Taiwanese companies are seen as one of the largest potential sources of that income.
Taiwan is also looking at mainland China, India and Vietnam as targets for increased investment.
source & article: Channel NewsAsia
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