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RI companies in no rush to invest in US amid Washington reshoring push
As some countries and global firms look to invest in the US to avoid Washington’s import tariffs, Indonesian businesses remain hesitant. The Indonesian Employers Association (Apindo) sees no strong appetite for outbound investment among local companies.
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Apindo's economic policy analysis committee head for banking and financial services Aviliani (left), chairwoman Shinta Kamdani (center) and deputy chair Sanny Iskandar speak at the Economic Outlook 2025 briefing in Jakarta on Dec. 19, 2024. (JP/Aditya Hadi)
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ndonesian companies are unlikely to significantly ramp up outbound investment to the United States despite Washington’s forceful efforts to attract foreign capital, with a business group citing muted interest and unclear prospects.
As some countries and global firms look to invest in the US to avoid Washington’s import tariffs, Indonesian businesses remain hesitant, according to the Indonesian Employers Association (Apindo).
“The appetite just isn’t that strong, and we have to consider what kind of investments would actually be profitable in the US,” Apindo chairwoman Shinta Kamdani told reporters at a press briefing on Tuesday.
Read also: Indorama to invest $2b in US as tariff talks go on
The US government under President Donald Trump has made no secret of the fact that its tariff policy is aimed not just at generating state revenue but also at pushing companies in strategic industries to move manufacturing facilities from other countries to the US based on a concept known as reshoring.
News reports indicate growing interest from companies including semiconductor manufacturers and carmakers in countries such as South Korea, Japan and Vietnam, as well as from firms based in Taiwan and Mainland China, to build or expand manufacturing facilities in the US.
Indonesia was not traditionally an outbound investor, Shinta noted.
