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View all search resultsThe Industry Ministry has proposed that Tanah Kuning Industrial Estate in North Kalimantan be listed as a national strategic project as it could potentially drive economic development in the province.
The Investment Coordinating Board (BKPM) has launched an accelerated construction program (KLIK) for another 18 industrial estates across the archipelago in an effort to boost investment amid a global economic slowdown.
China-based textile company Jiangsu Dongqun Investment Holding Group Co. Ltd. (Jiangsu Dongqun) has expressed interest in investing US$100 million to build a textile factory in Indonesia, Industry Minister Airlangga Hartarto says.
In his latest effort to push industrialization in the country, Coordinating Economic Minister Darmin Nasution has called on related ministries to identify problems in each sector and prepare for a better-shaped regulation to address the issues.
With the availability of infrastructure and facilities in an industrial zone, investors no longer need to bear the cost of infrastructure development. The government also benefits as it is easier to prepare the supply of electricity, gas and other facilities as the industries operate in one location.
Property sales in industrial parks throughout Greater Jakarta have plunged, reaching a new low of approximately 13.4 hectares in the second quarter of 2016, down from 144 hectares in the same quarter last year, according to a property consultant.
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