Minister of Investment/Head of Investment Coordinating Board (BKPM) Bahlil Lahadalia revealed souvenirs from President Joko Widodo to Chengdu, China. One of them is the investment commitment of leading companies in the glass and solar panel industry, Xinyi Group. Bahlil said Xinyi Group was committed to building factories in the Industrial Estate of Rempang, Batam. This factory is predicted to be the largest after China.
“In the future, this company has committed to building its industry in the Batam area, Rempang. This is the number 2 largest factory in the world after China and the number 1 largest factory outside of China,” Bahlil said through the Youtube of the Presidential Secretariat, Friday (28/7 /2023).
The investment commitment was outlined in the signing of the cooperation agreement and a memorandum of understanding (MoU) between Indonesia and Xinyi Group which was also witnessed by Jokowi. This is part of downstreaming the government built from the quartz sand sector and several other raw materials in Indonesia.
“If we have succeeded in building the downstreaming ecosystem of nickel, now we begin to push quartz sand. The output, the product will be carried out almost 95% for exports because the market is foreign markets. This glass factory will also immediately build what is called solar panels , this is also the capacity of export products, “he said.
Bahlil said the total investment of the Xinyi Group was US $ 11.5 billion or IDR 172.5 trillion (exchange rate of IDR 15,000). This is the second development after previously the company invested in the Java Integrated Industrial and Port Estate (JIIPE) area in Gresik US $ 700 million.
“This happened due to the full trust of the investor to the Indonesian government under the government of Mr. Jokowi. US $ 700 million after they checked it turned out that what they felt was very good, and they wanted to develop their business,” Bahlil said.
Investment from the Xinyi Group is estimated to create 35,000 jobs. “And this will collaborate with national entrepreneurs,” he added.
July 28, 2023, detikFinance
(https://finance.detik.com/industri/d-6846762/perusahaan-kaca-terbesar-dunia-mau-bangun-pabrik-di-batam-rp-172-t)