Industry Ministry’s Director General for Regional Resilience and International Industrial Access Eko S. A. Cahyanto. (Photo: ANTARA News)

Indonesia’s participation in the 2023 Hannover Messe drives $800 million in investments, creating thousands of jobs and highlighting the country’s economic resilience and commitment to attracting foreign investors

INDONESIA’S participation in the 2023 Hannover Messe has yielded significant results, as six companies have pledged a total investment of US$800 million in the Wiraraja Industrial Park located in Kabil, Batam City, Riau Islands Province. This achievement highlights the positive impact of Indonesia’s partnership in the international event. Eko Cahyanto, the Industry Ministry’s Director General for Regional Resilience and International Industrial Access, emphasized the importance of continued promotion and facilitation of foreign investments in Indonesia.

Cahyanto stated, “Next, the Industry Ministry will continue to push for promotion and acceleration of the realization of the entry of foreign investments into Indonesia.” The six companies involved in the investment are PT Apollo Solar Indonesia, PT Marubeni Global Indonesia, PT Tynergy Technology Group, PT Wiraraja Yunan International, PT Alpha Solar Indonesia, and Jaya Electrical Energy. These investments are projected to generate approximately 13,000 job opportunities.

The success of attracting these investments can be attributed to the support and collaboration of various stakeholders. The Indonesian Consulate General in Los Angeles played a crucial role in coordinating with the Industry Ministry to facilitate Tynergy Technology Group’s investment plan in Indonesia. The combined efforts of all parties involved have led to this positive outcome.

During the “Grand Opening of Six Companies” event in Batam on June 5, Coordinating Minister for Economic Affairs Airlangga Hartarto expressed pride in Indonesia’s economic recovery, asserting that the country is among the most successful G20 nations in this regard. In the first quarter of 2023, Indonesia’s economy witnessed a growth of 5.03 percent year-on-year, serving as evidence of the nation’s resilience and adept handling of the pandemic’s impacts.

Minister Hartarto emphasized the significance of the Wiraraja Industrial Park’s grand opening, stating, “The Grand Opening of Six Companies at the Wiraraja Industrial Park constitutes one of the crucial moments for Indonesia in its efforts to recover its economy after the COVID-19 pandemic as well as to accelerate the enhancement of industrial competitiveness and the national economic growth.”

Furthermore, the decision made by these six companies to invest in Indonesia reflects the government’s commitment to promoting the country’s investment potential and providing a favorable investment climate. Minister Hartarto reiterated the government’s dedication to offering enticing incentives, such as tax holidays, tax allowances, import duty exemptions, and super tax deductions. These incentives aim to attract business actors and encourage them to invest in Indonesia.

Overall, Indonesia’s participation in the 2023 Hannover Messe has proven to be a resounding success, driving substantial investments into the Wiraraja Industrial Park. The collaborative efforts of stakeholders and the government’s commitment to creating an investor-friendly environment have played pivotal roles in achieving these positive outcomes. This milestone not only contributes to Indonesia’s economic recovery from the pandemic but also bolsters the nation’s industrial competitiveness and stimulates national economic growth.

Sourced from ANTARA News