Jakarta –
The Minister of Investment/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia accompanied the Chairman of Hon Hai Precision Industry Co. Ltd. (Foxconn) Young Liu met with President Joko Widodo at the Bogor Palace, Saturday (25/6).
The meeting discussed the follow-up to the previously agreed memorandum of understanding related to the investment plans of Foxconn, Gogoro, PT Industri Battery Indonesia (IBC), and PT Indika Energy Tbk in Indonesia. The value of the investment plan is US$ 8 billion or around Rp. 118.4 trillion (exchange rate of Rp. 14,800/US$) and the estimated employment is more than 10,000 people.
Bahlil explained that during the meeting President Joko Widodo highly appreciated Foxconn’s investment plan which will collaborate with State-Owned Enterprises (BUMN) and national private companies by involving local entrepreneurs and Micro, Small and Medium Enterprises (MSMEs). The Ministry of Investment/BKPM was ordered to supervise Foxconn’s investment plan until it is realized.
“The President ordered me to immediately oversee the execution stage. The President hopes that this will be realized soon and one concept that the president likes the most is the collaboration of BUMN, PMA and the national private sector involving local entrepreneurs and MSMEs,” Bahlil explained in a written statement, Saturday. (25/6/2022).
Bahlil encouraged Foxconn’s investment plan to be located in the Batang Integrated Industrial Estate (KIT), Central Java, with various incentives offered by the Indonesian government. KIT Batang is one of the locations that is part of the development of the battery and electric vehicle industrial ecosystem in Indonesia, where investment from Hyundai and LG from South Korea has now entered.
In addition, Bahlil also stated that Foxconn is also interested in investing in the State Capital (IKN).
“Hopefully it can really happen and go well. They also want to invest in IKN. So it’s not true if someone says IKN has no investment. Many have entered,” explained Bahlil.
Boss Foxconn’s response on the next page. Just click
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