Foxconn's Investment In Indonesia Is Not Realized, This Is What Bahlil Said

Minister of Investment/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia. (Photo: Mery Handayani/VOI)

JAKARTA - Investment Minister/Head of the Investment Coordinating Board (BPKM) Bahlil Lahadalia revealed that he did not really follow the development of the Taiwanese investment plan, Foxconn.

In fact, he admitted that the investment still took time.

"Okay Foxconn. I'm honest with my friends, yesterday I didn't really follow in detail since October 2023," he said at a press conference in Jakarta, Monday, March 18, 2024.

Bahlil said that he would ensure that the Foxconn investment process would run and ensure investment commitments related to the electric battery ecosystem.

In addition, Bahlil promised to explain what issues hinder Foxconn's investment commitments in Indonesia.

"I'll tell you the details later," he said.

Previously, at the end of February 2024, Bahlil also promised to visit the Foxconn office to Taiwan.

However, it failed to depart due to the 2024 general election (election), and will soon depart.

"That was yesterday I was supposed to go to Taiwan. Because the election has not yet. Because there is a global dynamic that we know is uncertain. But God willing, after the election I will go there," he explained, on Saturday, February 24, 2024.

Previously, Hon Hai Precision Industry Co Ltd or Foxconn's investment plan to build an electric vehicle battery factory ecosystem in Indonesia had emerged since early 2023.

In addition, Foxconn is rumored to be laying the first stone or groundbreaking in early 2023, but until now the investment plan has not been implemented.

As for the plan, Foxconn cooperates with several companies such as Gogoro, the Indonesian Battery Industry (BCI) and Indika Energy.

The investment value is estimated at USD 8 billion.