Indonesia secures 7,4 bln USD new investments from China

December 23, 2024 | 11:43

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Indonesia has received new investment commitments worth 7.4 billion USD from China, according to Minister of Investment and Downstreaming and head of the Investment Coordination Agency (BKPM) Rosan Roeslani.

Indonesia secures 7,4 bln USD new investments from China

Investment and Downstreaming Minister Rosan Roeslani (R) and Indonesian Ambassador to China Djauhari Oratmangun (Photo: Antara)

Jakarta - Indonesia has received new investment commitments worth 7.4 billion USD from China, according to Minister of Investment and Downstreaming and head of the Investment Coordination Agency (BKPM) Rosan Roeslani.

He said the commitments cover investments in four production fields: polysilicon, fiberglass, polyethylene terephthalate (PET), and electric vehicles (EVs). Polysilicon is the core material used in semiconductors, while PET is used to make textile fibers and plastic storage, among others.

The minister shared information on the Government's policies to improve investment climate and provide ease of doing business in Indonesia, and conveyed the Government's wish to cooperate in training as well as research and development in Indonesia.

According to the ministry, the value of Chinese investments in Indonesia reached 32.2 billion USD from 2019 to the first half of 2024. Last year, the figure stood at 7.4 billion USD.

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As many as 19 Australian companies have expressed an interest in investing in Indonesia's technology sector, Communication and Digital Affairs Minister Meutya Hafid said on October 31.

By VNA

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