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Jakarta Post

Taiwanese company to invest $170 million in Kendal Industrial Park

  • Suherdjoko and Rizki Fachriansyah

    The Jakarta Post

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Kendal, Central Java, and Jakarta   /   Thu, September 26, 2019   /  04:29 pm
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Kendal Industrial Park map.(Courtesy of Kendal Industrial Park/File)

As Indonesia steps up efforts to attract foreign direct investment (FDI) following concerns over the economic slowdown, a Taiwanese company has announced a plan to invest US$170 million in Kendal Industrial Park, Central Java. Taiwan External Trade Development Council (Taitra) president James CF Huang revealed the investment plan during a meeting with Central Java Governor Ganjar Pranowo in Puri Gedeh, Semarang, on Wednesday. Huang said the various incentives offered by the province had prompted the company, the name of which was kept confidential throughout the meeting, to invest in Kendal Industrial Park. “Many businesses from Taiwan have made investments in Central Java over the years. The number of potential investors has increased lately. That’s why we came [to the province] – to follow up on the latest investment plans. We hope our partnership [with the admi...