The West Java summit is of particular interest given the provincial administration earmarking 54,000 hectares just outside Jakarta as an eventual global zone for manufacturing, technology and heavy industries. This transformation aims to cater to international trade and commerce, with full-throttle support from both President Joko “Jokowi” Widodo and West Java Governor Ridwan Kamil.

With a price tag of more than US$5.4 trillion, the question is which funds are best placed to take advantage of this opportunity?

To answer that question let us look at Indonesia’s big investment story, battery metals and the electric vehicle (EV) industry. While its EV metals industry tries to decarbonize its reliance on coal-fired power it can only toy with solar panels at the periphery of smelting and leaching operations.

West Java is, however, poised to tap into its geothermal riches and a bold prospectus to transform manufacturing with a chain of clean energy-powered industrial parks.

As green investment funds have grown, they have widened to encompass new mandates for sustainable manufacturing, impact investments, resource-centric supply chains and nature-based solutions. This is the backdrop to West Java's audacious plan for high economic growth backed by green industrial parks and strategically developed special economic zones (SEZ).

With a commanding stake of 35 percent of Indonesia's industrial estates, West Java’s holdings amount to approximately 20,600 ha of brownfield. Under Governor Ridwan, the Rebana Project will link logistics and manufacturing hubs with the new Patimban Seaport, Kertajati Airport, transportation networks and waste management facilities that can drive investments into eco-friendly manufacturing.

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