Jokowi Meets Japanese Company Bosses IDR 75 Trillion Investment Will Enter Indonesia

Investment Minister/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia said Japanese companies would invest in Indonesia amounting to IDR 75.4 trillion next year. This is the result of a meeting of President Joko Widodo who was accompanied by ministers with the bosses of Japan’s top companies. Investments vary, ranging from methanol development, and car factory expansion, to the development of new and renewable energy.

            “Thank God we can make a business deal and it can be realized next year at IDR 75.4 trillion, US$ 5.2 billion. New investments, especially in the field of methanol development, car expansion, then NRE. The President explicitly stated that please take care of the investment, if there is a problem, please go to the Minister of Investment, if it is not finished, the President himself will help him,” said Bahlil in a virtual press conference, Wednesday ( 27/7/2022).

            Japanese entrepreneurs have appreciated the reform of business regulations in Indonesia through Law Number 11 of 2020 concerning Job Creation. In addition, Bahlil also stated that the government would provide support in the form of accelerated business licensing services, providing incentives, and various other facilities as well as escorting investment realization.

            In a written statement from the Ministry of Investment, several companies that expressed interest in investing include Toyota Motor Corp in the field of hybrid-based vehicles, Sojitz Corp in the methanol project in collaboration with PT Pupuk Indonesia, and Mitsubishi Corp in the automotive industry and polyester film.

Then, Mitsubishi Motors Corp. wants to invest in the automotive industry, Mitsubishi Chemical Corp. is interested in investing in the polyester film industry, and Denso Corp. wants to relocate its business from America to the auto parts industry. Mitsubishi Chemical Group Corporation has plans to expand its investment through its subsidiary, PT MC PET Film Indonesia (MFI) worth US$ 156 million.

Toyota Shusho in the field of Patimban Port management, Sharp Corp in the field of air conditioning factories, Inpex Corp in the oil and gas industry, and Kansai Electric Power in the power plant construction industry.

Sojitz Corporation Masayoshi conveyed the investment plan for a methanol project in collaboration with PT Pupuk Indonesia in West Papua with an investment plan value of US$ 1 billion. They are currently conducting a feasibility study which is planned to be completed by the end of 2022.

July 27, 2022, detikFinance(