TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Jokowi proposes exclusive German industrial area in C. Java

Germany invested $1.4 trillion in Indonesia in 2020, making it the fourth-largest European investor after the Netherlands, Luxembourg and the United Kingdom.

Eisya A. Eloksari (The Jakarta Post)
Premium
Jakarta
Thu, April 15, 2021

Share This Article

Change Size

Jokowi proposes exclusive German industrial area in C. Java President Joko "Jokowi" Widodo (right) and German Chancellor Angela Merkel during a virtual meeting on Tuesday. (BPMI Setpres/Muchlis Jr.)

P

resident Joko “Jokowi” Widodo has offered to open, within the Batang Integrated Industrial Park in Central Java, an area designated for German companies as Indonesia seeks to woo new foreign investors.

Jokowi extended the offer to German Chancellor Angela Merkel during a closed-door virtual meeting on Tuesday, a day after the two leaders opened the German-based Hannover Messe 2021 trade fair, in which Indonesia is a partner country.

“I am offering Germany the opportunity to develop a German industrial quarter in the Batang integrated industrial zone,” Jokowi said in a statement, without providing further details.

He urged Germany, a European industrial powerhouse, to increase industrial investments in Indonesia by building factories and by integrating Indonesia into its global supply chain. He also suggested forming a partnership to develop vocational schools in improving Indonesia’s human resources.

The Jokowi administration is on a campaign to get foreign companies to invest in and relocate to Indonesia as the country’s foreign direct investments (FDI) dropped by 2.4 percent year-on-year (yoy) to Rp 412.8 trillion (US$28.24 billion) in 2020, according to Investment Coordinating Board (BKPM) data.

The Batang industrial zone is among the government’s tools to attract such factories. The zone will sit on 4,368 hectares of land owned by state-owned plantation holding company PT Perkebunan Nusantara (PTPN) IX in Gringsing district, Batang regency.

“We will gladly follow up on this matter together with the German business community. So far, there are no further details known,” a German Embassy spokesperson told The Jakarta Post on Thursday.

to Read Full Story

  • Unlimited access to our web and app content
  • e-Post daily digital newspaper
  • No advertisements, no interruptions
  • Privileged access to our events and programs
  • Subscription to our newsletters
or

Purchase access to this article for

We accept

TJP - Visa
TJP - Mastercard
TJP - GoPay

Redirecting you to payment page

Pay per article

Jokowi proposes exclusive German industrial area in C. Java

Rp 29,000 / article

1
Create your free account
By proceeding, you consent to the revised Terms of Use, and Privacy Policy.
Already have an account?

2
  • Palmerat Barat No. 142-143
  • Central Jakarta
  • DKI Jakarta
  • Indonesia
  • 10270
  • +6283816779933
2
Total Rp 29,000
{

Your Opinion Matters

Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.

Enter at least 30 characters
0 / 30

Thank You

Thank you for sharing your thoughts. We appreciate your feedback.