The Chief of Executive of the GE Jeffrey R Immelt said this after meeting with Indonesian President Susilo Bambang Yudhoyono and ministers at the Presidential Palace here.

Jeffrey said that he is optimistic with the investment climate in Indonesia.

"We are optimistic of the country and look forward the future," he told reporters.

"We are looking for the areas of energy and the real sector," he added. GE's current investment in the country stood at 0.5 billion US dollars.

Indonesian Transport Minister Hatta Rajasa said that GE will provide technology to produce over 200 units of locomotives within ten years in Indonesia.

GE will cooperate with local company Inka corp, and Barata corp, in producing the facilities and to beef up the use of local parts up to more than 30 percent, in a bid to meet the market demands for domestic and Asean (the Association of Southeast Asian Nations), he said.