Industry Minister Airlangga Hartarto will meet Japanese investors during his visit to Japan on October 16-21.
Airlangga said that he will hold talks with Fujitrans Corporation, Mitsubishi Motors, JFE Steel, and Sango Corporation, as well as delegates of Japan Indonesia Economic Committee, The Japan External Trade Organization, Nagoya Chamber of Commerce and Industry, and the governments of Aichi and Ogawa. The Minister will also attend the Indonesia Investment and Business Forum.
“Ahead of the 60th anniversary of Indonesia-Japan diplomatic relations in 2018, we want to advance the economy for the prosperity of the people,” he said in a written statement received yesterday by Tempo.
Airlangga elaborated that in almost six decades, Indonesia and Japan have become strategic partners in building the economy. Therefore, both need to strengthen bilateral relations, including by developing the industry sector.
He is hopeful that the meeting with businesses will result in agreements to improve the manufacturing sector through investment and market expansion.
Airlangga is confident that Indonesia will see greater investment in the industry sector, particularly from Japanese investors. The ministry reports that total foreign direct investment stood at USD16.68 billion in 2016. Japan investment in Indonesia reached USD5.4 billion in the same year, representing 86 percent year-on-year increase totaling USD2.9 billion.
Indonesia is home to 1,750 Japanese companies engaging in the manufacture, infrastructure and services. The most notable investments have been seen in the automotive, metal, machinery and electronics industry.
“Thanks to supporting facilities, including deregulation…, infrastructure and industrial area development, as well as incentives in the form of tax allowance and tax holiday,” Airlangga said.