Japan expands investment in Indonesia
Japanese investors are planning to expand investment in Indonesia, especially in the area of electricity generation, said Indonesia’s Investment Coordinating Board (BKPM).
Illustrative Image (Source: inautonews.com)BKPM Chairman Franky Sibarani said the 1,600 MW capacity Java 1 thermal power plant is currently one of the most attractive electricity projects with Japanese investors. Aside from this project, some Japanese companies are eyeing to invest in small-scale hydropower plants and the recycling industry.
A sea-way project worth 365 billion rupiah (28 million USD) is also among Japanese investors’ interests.
According to BKPM statistics, Japan’s foreign direct investment (FDI) in the country in the second quarter of this year has reached 1.58 billion USD with 427 projects, creating 28,377 jobs.
Japan is currently Indonesia’s second biggest investor, after Singapore.
Japan’s investment to Indonesia has seen an upward trend recently. In 2015, Japan’s FDI to Indonesia increased six percent compared with 2014, reaching 2.87 billion USD with 2,030 projects.
Industries that catch the major attention of the Northeast Asian country are manufacturing, electricity, machinery, chemistry and pharmaceuticals.-VNA
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