JAKARTA - Investment Minister/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia plans to visit Foxconn to ensure that investments from this Taiwanese company can be realized in 2023. Foxconn, I plan to go there. Bahlil said after exposure to investment realization in the second quarter of 2023, in Jakarta, quoted from Antara, Friday 21 July. Bahil also denied that the Taiwanese company canceled investing in the country because it had not realized its investment plan. No (real) please, don't cancel it. I'm allergic. Don't," he said. Former Chairman of Hipmi, also ensured the commitment of the Apple-assembled company to build an electric vehicle factory in Indonesia.Foxconn plans to invest as much as 8 billion US dollars (US) or equivalent to Rp114 trillion to build a electric vehicle battery ecosystem. Foxconn has formed a joint venture (JV) with Indika Energy to start the project. Bahlil said his visit to Taiwan next August was carried out to encourage the realization of the investment project. Moreover, the government-issued electric motor subsidy policy will only apply to industries built in the country. He also said Foxconn's investment is expected to be realized this year although it does not confirm in detail. "The plan this year (realized)," he said again.
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