Indonesia’s participation in the 2023 Hannover Messe has successfully managed to attract six companies to invest in the Wiraraja Industrial Park in Kabil, Batam to the tune of USD 800-million, report Antara News.
Eko Cahyanto, Indonesia’s Industry Ministry’s Director General for Regional Resilience and International Industrial Access stated in a statement in Jakarta on Thursday that the “ministry will continue to push for promotion and acceleration of the realization of the entry of foreign investments into Indonesia.”
Antara News report that the six companies investing in Batam are PT Apollo Solar Indonesia, PT Marubeni Global Indonesia, PT Tynergy Technology Group, PT Wiraraja Yunan International, PT Alpha Solar Indonesia, and Jaya Electrical Energy. The investments are projected to create job opportunities for around 13,000 people.
Cahyanto attributed the success story to the support provided by various stakeholders, including the Indonesian Consulate General in Los Angeles that coordinated with the ministry to facilitate Tynergy’s plan to invest in Indonesia.
While attending the recent “Grand Opening of Six Companies” event in Batam, Coordinating Minister for Economic Affairs Airlangga Hartarto stated that Indonesia is one of the most successful G20 countries in terms of economic recovery, say Antara News.
In Q1 of 2023, Indonesia’s economy grew by 5.03-percent on a Year-on-Year (YoY) basis. The success serves as proof of the country’s capability of adeptly handling impacts of the pandemic, he said, adding that the decision of the six companies to invest in Indonesia is a result of the government’s commitment to promoting the country’s investment potentials and providing ease to investors.
Antara News report that Hartarto restated that the government is providing various promising incentives, including tax holiday, tax allowance, import duty exemption, and super tax deduction, with the aim of attracting business actors to invest in Indonesia.
Source: Antara News
Image Wikimedia Commons
