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BKPM to evaluate General Motors' plant shutdown
The Investment Coordinating Board (BKPM) says that it is going to evaluate the closure of US auto giant General Motorsâ assembly plant in Bekasi, West Java, and will coordinate with a number of relevant ministries in order to anticipate the impacts
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he Investment Coordinating Board (BKPM) says that it is going to evaluate the closure of US auto giant General Motors' assembly plant in Bekasi, West Java, and will coordinate with a number of relevant ministries in order to anticipate the impacts.
'We have not seen the impacts at the moment, but we are going to study it and make an evaluation of it,' BKPM's investment climate development deputy Farah Ratnadewi Indriani said in Jakarta on Friday as quoted by Antara news agency.
Farah said that her institution would immediately meet with representatives from the Industry Ministry who are directly in touch with the activities of General Motors in this country.
At the same time, she said that the BKPM will continue to maintain the healthy investment climate in Indonesia so that every domestic and international financier can enjoy the benefits of investing in the nation.
'We are going to optimize our PTSP [one stop integrated service] at the BKPM headquarters so that we can create a conducive investment climate for investors. We will also simplify the business permit procedures,' she added.
Previously on Thursday, General Motors announced that it would stop making cars in the archipelago by closing its assembly plant in Bekasi, which will axe some 500 jobs.
GM executive vice president Stefan Jacoby, who oversees markets outside of the Americas, Europe and China, acknowledges that the company got it wrong in going head-to-head with Japanese carmakers in a market he dubs as 'their backyard'.
Its stop-start Bekasi plant was opened in 1995, but shut a decade later as Japanese brands tightened their grip on the market. It was re-opened two years ago as part of the Chevrolet Spin revival bid. (nfo)(+++)
