REPUBLIKA.CO.ID, JAKARTA -- Japan will invest US$3 billion in Indonesia outside the automotive sector, stated Chief of the Capital Investment Coordinating Board Franky Sibarani.
The committed investment to be realized in 2015 is the result of meetings held between President Joko Widodo and several groups of Japanese investors during his state visit to Japan on March 23-25, 2015.
"President Jokowi has always stated that he needed tangible results from his visit to Japan. I think this is a tangible result as the interest and investment plan from Japanese investors can be realized soon," Franky remarked here on Thursday.
The Japanese investors have proposed that the board should handle investment licensing, which will help accelerate commercial operations.
Franky noted that the Japanese corporations, who have proposed licensing to the investment board, have assured investment worth US$1.58 billion in several areas such as the component industry, metal industry, fishery products, building construction sector, and trade sector.
Meanwhile, several Japanese investors have immediately proposed to invest US$1.45 billion to the board in areas such as the textile product industry, iron industry, fishery processing industry, shipyard sector, and electricity sector.
The investment board will follow up with several Japanese investors who are interested to propose investment licensing in Indonesia.
Franky added that his institution will safeguard the investment commitment and will seek other potential investors who have been identified by the board.
"I am optimistic that the delivered commitments can be realized as the Japanese investors who have signed the agreement will be serious in achieving their plans," Franky emphasized.
The investment board noted that Japanese investment in Indonesia during the period between 2010 and 2014 was worth US$12.1 billion and employed 424 thousand people.
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