Indonesia secures $7.4 bln in pledged investments from China
Indonesia has received new investment commitments worth $7.4 billion from China, according to Minister of Investment and Downstreaming and head of the Investment Coordination Agency (BKPM) Rosan Roeslani.
Investment and Downstreaming Minister Rosan Roeslani (right) and Indonesian Ambassador to China Djauhari Oratmangun. Photo courtesy of Antara.
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 from 2019 to the first half of 2024. Last year, the figure stood at $7.4 billion.
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