The Jakarta Post
Indonesia will receive a major boost if Foxconn, the world’s largest device manufacturer, makes good on a commitment to set up operations in the country.
Andrew Hsia, the head of the Taipei Economic and Trade Office in Jakarta, said that Taiwanese firms were looking to relocate to Indonesia, as the nation offered reduced labor and operating costs compared to other nations.
“The Chinese National Federation of Industries [CNFI] representatives have mentioned that approximately 10,000 member [companies] were considering entering other countries, in particular Indonesia,” Andrew said after a meeting between CNFI representatives and the Association of Indonesian Employers (Apindo).
A memorandum of understanding (MoU) between CNFI and Apindo was signed at the meeting to strengthen trade and economic ties.
CNFI representatives declined to name the interested co...