TOKYO - Investment and Industrialization Minister/BKPM Head Rosan Roeslani said investment commitments from Japan to Indonesia in a series of working visits in Tokyo reached around US$23.3 billion. The value is considered a marker that the Japanese government's confidence and Japanese business actors in Indonesia are still strong amid global geopolitical and geoeconomic pressures.
"International confidence in this case, the Japanese government and Japanese entrepreneurs, remains large, remains committed," said Rosan in Japan, Monday, March 30.
According to Rosan, who is also the Chairman of BPI Danantara, the largest portion comes from a joint project with Pertamina with a value of around US$20.9 billion. The details of the project, said Rosan, will be further explained by Minister of Energy and Mineral Resources Bahlil Lahadalia because the majority is related to a large-impact project with Pertamina.
In addition, Rosan said that Danantara, which he led, also signed an investment cooperation with SMBC Aviation Leasing worth around US$800 million. Pegadaian also obtained funding from SMBC Bank of around Rp5 trillion or around US$300 million.
In other sectors, there is also an investment from the Two-Way aesthetic company with an Indonesian partner worth US$500 million. Meanwhile, in the blood plasma sector, the investment value reached US$1 billion. Rosan said this investment was the second after a similar investment from SK Plasma, South Korea.
"If we look at this total, it proves that Japan remains one of Indonesia's main investors," he said.
Rosan added that there were still other investments that were agreed upon, including the expansion of the geothermal project between PT Supreme and a Japanese company, which according to Rosan involved Sumitomo. He also mentioned the financial closing of the geothermal project in Muara Laboh worth around US$900 million, although the project was not included in the signing package this time because the process had already been completed.
He emphasized that Japanese investors' interest in the renewable energy sector is very large. Therefore, the government hopes that the flow of investment from Japan will not stop at the signing, but continue to the realization of the project.
In the midst of an unstable global situation, this figure is a message that is more important than just a business ceremony: Japan has not retreated from Indonesia, and the energy sector is now the main battlefield for its bets.
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