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This is an archive article published on May 18, 2011

Reliance to invest $5-$10 bn in Indonesia

Anil Ambani-led Reliance ADAG is to invest in mining infrastructure in Indonesia,says Gita Wirjawan.

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Anil Ambani-led Reliance ADA Group is to invest between $5 billion and $10 billion in mining infrastructure in Indonesia,the investment chief of Southeast Asia’s biggest economy said on Wednesday.

Gita Wirjawan,chairman at the Indonesian Investment Coordinating Board was speaking after Reliance’s Anil Ambani met with Indonesia’s President Susilo Bambang Yudhoyono in Jakarta.

Reliance will invest in the coal sector,in power plants and infrastructure in the near future,Wirjawan told reporters.

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