Rosan P. Roeslani, Minister of Investment and Downstreaming/ Head of the Investment Coordinating Board (BKPM), revealed on Thursday, January 2, 2024 that several Chinese companies have expressed commitment to investing US$7.46 billion (Rp120.9 trillion) in Indonesia.
Rosan, who visited China at end of 2024, reported to President Prabowo Subianto that Chinese companies came from various sectors such as automotive, fiberglass, polyethylene terephthalate (PET resin), solar panel, and fishery.
Rosan told the president of planned investment in the automotive sector by electric vehicle (EV) company BYD Auto, which will build an EV production facility in the Subang Smartpolitan Industrial Estate, West Java.
“BYD has purchased a plot of land in the Subang area. It is expected that investment for manufacturing will begin early next year,” Rosan said on Thursday, January 2, 2025.
Meanwhile, a joint venture (JV) between Chinese and Indonesian companies will be established in the fishery sector. The two companies have determined the location of the development of fishery cultivation projects in Maluku and Papua.
Apart from China, Indonesia also expects significant investment from the U.S., the Middle East, and other countries. Although the target is quite high, Rosan emphasized the importance of cross-ministerial and institutional collaboration to achieve it.
“This is not an easy job, this is a very tough job so cooperation and coordination from all related ministries are expected,” he said.
With this investment target, the government is optimistic that it can strengthen the national economy, create jobs, and ensure that Indonesia remains a competitive investment destination on the global stage.
