Accompanying Jokowi At The Japan CEO Meeting 2022 Activities In Tokyo, Bahlil: Japan Expresses Interest In Investment Of IDR 75.4 Trillion

Indonesian President, oko Widodo and Investment Minister Bahlil Lahadalia. (Photo: Doc. Antara)

JAKARTA - Investment Minister/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia said a number of Japanese companies expressed interest and plans to expand investment in Indonesia worth a total of 5.2 billion US dollars (approximately Rp75.4 trillion).

This commitment was conveyed at The Japan CEO Meeting 2022 in Tokyo, Japan, Wednesday, July 27, which was chaired directly by President Joko Widodo and attended by 10 large Japanese companies that have plans to expand their investment in Indonesia or are in the stage of realizing their investment.

"Today I am moderator of The Japan CEO Meeting 2022, a meeting agenda attended by 10 CEOs and leaders of Japanese companies with Mr. President @jokowi. Thank God these companies have expressed their interest and plans to expand their investment to reach 5.2 billion US dollars or equivalent to Rp75.4 trillion," he said, quoted from his personal Instagram account @bahlillahdalia, quoted from Antara, Thursday, July 28.

Separately, in a written statement in Jakarta, Wednesday, Bahlil stated his readiness to oversee this investment from Japan.

Bahlil hopes that the investment of Japanese companies can run smoothly while simultaneously being able to go hand in hand with Indonesian entrepreneurs in a harmonious and mutually beneficial way for both parties.

"We express our high appreciation for the presence and delivery of investment interest from CEOs and leaders of Japanese companies which I believe are valuable for relations between the two countries. We offer a golden opportunity for Japanese investors to invest in Indonesia in order to increase supply chain resilience for the Indonesian and Japanese people in Indonesia. future," said Bahlil.

Several companies present expressed their interest in investing in Indonesia, namely Toyota Motor Corp in the field of hybrid-based vehicles; Sojitz Corp in the field of methanol projects in collaboration with PT Pupuk Indonesia; Mitsubishi Corp in the automotive and polyester film industries; as well as Mitsubishi Motors Corp in the automotive industry.

In addition, there is Mitsubishi Chemical Corp. in the polyester film industry; Denso Corp which wants to relocate its business from the United States in the four-wheel vehicle spare parts industry; Toyota Shusho in the management of Patimban Port; Sharp Corp in the field of air conditioning factory; Inpex Corp in the oil and gas industry; and Kansai Electric Power in the power plant construction industry.

President Director/CEO of Sojitz Corporation Masayoshi Fujimoto conveyed the investment plan for a methanol project in collaboration with PT Pupuk Indonesia in West Papua with an investment plan value of US$1 billion.

Currently, a feasibility study is being carried out which is planned to be completed by the end of 2022. Sojitz expressed his appreciation to the Government of Indonesia for supporting its investment plan.

"We are grateful for the support from the Government of Indonesia, especially the Ministry of Investment in guarding our investment in Indonesia," said Fujimoto.

On the same occasion, President and CEO of Mitsubishi Chemical Group Corporation, Jean-Marc Gilson, said that his company has plans to expand its investment through its subsidiary, PT MC PET Film Indonesia (MFI) with a value of 156 million US dollars.

"Our group of companies has been developing business in Indonesia since 1991. We believe Indonesia is a very promising market. Thank you for the support from the Government of Indonesia, especially the Ministry of Investment, which has facilitated us," said Gilson.

Based on the records of the Ministry of Investment / BKPM, the realization of investment from Japan in Indonesia from 2017 to June 2022 reached 20.86 billion US dollars and was ranked second in the country of origin of investment to Indonesia.

Investments from Japan were dominated by the electricity, gas and water sectors with 7.48 billion US dollars (36 percent), followed by the motor vehicle and other transportation sectors with 3.59 billion US dollars (17 percent); and housing, industrial estates and offices of US$2.44 billion (12 percent).