JAKARTA - Fifteen Japanese companies are ready to invest in Indonesia in one to 1.5 years ahead. Japanese electronics company, Toshiba is one of them.

"Toshiba's investment reaches 3.5 billion IDR in Indonesia," Head of Investment Coordinating Board (BKPM), Mahendra Siregar said on Monday.

The investment value appears in Presidential visit to Japan last week. President Susilo Bambang Yudhoyono met Japanese Prime Minister Shinzo Abe and some representatives of Japanese companies to discuss their investment expansion in Indonesia. Mahendra said that the value would be disbursed until the end of 2014.

There are several companies that have received investment licenses this year. Six out of 15 companies are automotive companies and manufacturers of motor vehicle spare parts. Three companies are operating in mineral sectors, namely, oil, gas and mining. Two more companies are electronic companies, including Toshiba.

"Other companies are coming from logistic and financial services. All fifteen companies existed in Indonesia," Mahendra added.

All Japanese companies invested in scope of new product expansion that does not yet exist in Indonesia. Toshiba will enter Indonesia through electronic and automotive sectors.

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