Posted on 06 Nov 2014
A score of Taiwanese companies have expressed interest to invest a total of $2 billion in Indonesia over the next five years in sectors related to the production of tires, iron, steel and nickel.
“They have expressed interest to invest in Indonesia, including in the upstream sectors. They said they could invest up to $2 billion over the next five years,” said Agus Tjahajana, director general of international industrial cooperation at the Ministry of Industry.
“They were focusing to invest in the tire industry, and on processing for steel, iron and nickel. Basically, they are looking for opportunities if Indonesia can offer a conducive investment climate,” he said, on the sideline of a meeting with Taiwanese investors who were led by Taiwanese Deputy Minister of Economy Shih-Chao Cho on Monday.
Taiwan had initially targeted Vietnam as its investment destination country in Southeast Asia but eventually picked Indonesia, following an island dispute between Vietnam and China.
Agus said that during the meeting, Taiwanese investors also asked about investment regulations in Indonesia.
“They asked about the wage system. I told them that it was a tripartite decision,” he said, referring to agreements between businesses, workers and the government.
