Essar Group plans investments in the mining sector in Indonesia

Jakarta-giant energy and mining companies from India, Essar Group is currently targeting investments in coal and iron ore mines in the country: Indonesia, Australia, and Africa. Essar expects, mine supply from third countries can meet the needs in Indian country.

Prashant Ruia, Essar Group's president, said after the two mining commodities, the company also intends to take the oil and gas supplies from third countries. "We are exploring investment abroad, including in Indonesia, Australia, and Africa to access natural resources," said Ruia in the World Economic Forum, as quoted by Bloomberg, on Monday (13 / 6 / 2011).

Apart from Essar Group, the other Indian companies like Tata Power Co. and Reliance Power Ltd is also reportedly looked on commodity mines outside India to meet the needs enregi in his country.

It is worth to know all this, India is known as the importing 75% of world crude oil. Until March, the Indian crude oil imports in the last ten years increased six-fold to U.S. $ 85.5 billion. This value is equivalent to 7% of total gross domestic product (GDP) of India.