Speaking to mediapersons on Tuesday, Ghalib said he wanted Indian companies to make Indonesia their new destination for investment.

Urging Indian companies to invest in IT, infrastructure, automotives, mining and banking sectors, he said that companies such as Bajaj, Essar and Birlas from India set up their businesses in Indonesia in the 1970s.

Recently Tata, TVS, Minda, Bajaj and many others also established their operations in the island nation.

The Mittals and Jindals were also planning to enter into steel production in Indonesia.

The Ambanis of Reliance Industries, according to him, were planning to enter into Coal Mining in Indonesia. National Aluminium Cooperation (NALCO) of India was also planning to set up an aluminium smeltering plant in the country, he said.