JAKARTA - The Ministry of Industry (Kemenperin) continues to encourage increased investment in the manufacturing industry sector, especially those that are priorities in Making Indonesia 4.0. The two countries that are considered potential to inject capital to the country, namely Japan and South Korea.
"The huge investment potential of Japan and South Korea must be guarded, so they are comfortable and this must be done quickly, because this is the speed desired by President Joko Widodo," said Industry Minister Agus Gumiwang Kartasasmita during a working visit in Tokyo, Japan, Monday (11/18).
The Minister of Industry said, the investment opportunities that were targeted in his working visit to Japan and South Korea were the automotive, steel and chemical industries. Therefore, in his trip, the Minister of Industry was scheduled to conduct a one on one meeting with a number of directors from well-known companies of the two countries.
The investment commitment, which is escorted from trips to Japan and South Korea, is estimated to reach more than USD 5 billion. The figure comes from Lotte Chemical's investment plan of USD 3.5 billion to build a new petrochemical plant in Cilegon, Banten. In addition, around USD 200 million from Nippon Shokubai intends to build a new factory and an expansion of the acrylic acid plant. (LM)