Indian Billionaires Lead $15 Billion Push to Expand in Indonesia
This article is for subscribers only.
Indian companies led by billionaires Gautam Adani and G.V. Krishna Reddy signed accords worth $15 billion for projects including airports, steel plants, ports and railroads in Indonesia.
A GVK Power & Infrastructure Ltd.-led venture will spend as much as $4 billion to build two airports in Indonesia and Adani Group signed a deal to build a railway and port worth about $1.8 billion, the companies said separately yesterday. Indian companies including Tata Power Ltd. signed 18 agreements with Indonesia, according to a government statement.