Minister Of Industry Agus Gumiwang: SEZ In Indonesia Withdraws Investment From Japan

Minister of Industry Agus Gumiwang Kartasasmita. (Photo: Theresia Agatha/VOI)

Minister of Industry Agus Gumiwang Kartasasmita said the formation of industrial estates and special economic zones (KEK) in the country has significantly withdrawn investments from Japanese companies, with all the facilities and convenience provided.

"This area provides superior tax benefits, simplification of regulations, and infrastructure, thus encouraging foreign direct investment, especially from Japanese companies that want to access the growing Indonesian market," said Industry Minister Agus Gumiwang Kartasasmita as reported by ANTARA, Wednesday, September 25.

According to Agus, the development of industrial estates and special economic zones (SEZs) throughout Indonesia has become a magnet for investors from Japan.

These areas offer tax incentives, simplification of regulations, and world-class infrastructure, which attract foreign investors, including from Japanese companies wanting to enter the growing Indonesian market and strategic locations.

In his presentation, Agus said the formation of industrial estates such as Kendal and Batang Industrial Estate marked a strong foundation for future growth.

These industrial areas support Japanese companies in developing and attracting investment in sectors such as renewable energy, automotive and electronic components.

The strategic location of the industrial estate is combined with support from good government policies, ensuring that investors will continue to be a catalyst for economic growth in the years to come.

Agus said the SEZ Kendal Industrial Park in Central Java has now attracted more than 70 Japanese companies, and created more than 10,000 jobs.

Likewise with Batang Industrial Estate, Japanese companies are involved in developing businesses, especially in the automotive component, electronics and renewable energy sectors.

He hopes that the collaboration between Indonesia and Japan will deepen.