General

The Indonesia Manufacturing Investment Summit, co-hosted by Indonesia Shanhaitu Technology Co., Ltd. and Indonesia Yuanzhu Real Estate Co., Ltd., was held on August 31 in Jakarta, the capital of Indonesia. This summit aims to share information, help investors understand various preferential investment policies in Indonesia, as well as the landing process and procedures for setting up factories in Indonesia, improve the efficiency of enterprise landing, and promote high-quality industrial parks.

This is the first large-scale professional gathering held by relevant parties since the outbreak of the new crown pneumonia, which has attracted widespread attention from the business circles of China and Indonesia. China Unicom (Indonesia), J&T Cargo, India-China Business Council and Ruby Steel are the co-organizers of this summit. More than 900 people from the Chinese and Indonesian business circles attended the manufacturing investment summit, with more than 600 participating companies.

Zhang Chaoyang, chairman of the Indonesian Chinese Chamber of Commerce, said in his speech that Indonesian President Joko Widodo visited China on July 26 this year, and was the first head of state to visit China after the Winter Olympics. The heads of state of China and Indonesia reached a series of important consensus during the meeting, agreeing to establish the general direction of jointly building a community of shared future between China and Indonesia, which will lead the steady and long-term development of China-Indonesia relations from a strategic and long-term perspective, and will also help the development of Indonesia's manufacturing industry. Bring new power. This Indonesia Manufacturing Investment Summit is at the right time. Bank of China Jakarta Branch hopes to continue to contribute financial strength to the promotion of cooperation and exchanges in Indonesia's manufacturing industry and further promote the development of China-Indonesia international trade.

The Indonesian Chinese Chamber of Commerce was established in 2005 and currently has about 300 members, mainly Chinese-owned enterprises or joint ventures operating in Indonesia. The business scope of member companies covers banking, insurance, energy, trade, logistics, engineering construction, automobiles , food, medicine and other fields.

Zhang Jinxiong, chairman of the Indonesian Chinese Chamber of Commerce, said that with the Indonesian Jokowi government's strategy of building a "maritime fulcrum" country and China's vigorous advocacy and promotion of the "Belt and Road" construction, the cooperation between Indonesia and China has become increasingly close. The Regional Comprehensive Economic Partnership (RCEP) with ASEAN as the main body is being implemented, making it a region that is most worthy of investment and has the highest return on investment for world economic growth at present and even in the future. As the country with the largest population, largest market and most abundant resources in ASEAN, Indonesia is very worthy of attention. The Indonesian government welcomes and encourages investment in manufacturing. The Indonesian Chinese Entrepreneur Chamber of Commerce will, as always, act as a platform for information exchange and communication between the two countries, provide necessary legal and regulatory consultation and related assistance, and help the cooperation and development of international trade enterprises of the two countries.

Jayo Purnom, director of the ASEAN, South Asia and Africa Investment Promotion Department of the Indonesian Ministry of Investment, and Ikan Retnoulan, director of the Industry and International Exchange Department of the Ministry of Industry, respectively introduced Indonesia's preferential investment policies and measures to encourage the development of manufacturing industries. . They said that manufacturing is an important part of Indonesia's economy, accounting for nearly 20% of the country's GDP, and it is also an important driving factor for Indonesia's economic recovery after the epidemic. Manufacturing is also a key area of Indonesia's investment this year, with 15 of the 47 investment projects identified by the government.

Zhang Ping, general manager of Shanhaitu, introduced the current investment opportunities in Indonesia’s manufacturing industry, and outlined the current situation, prospects, advantages and challenges of each from four aspects: raw material processing, e-commerce development, new energy and policy dividends, and correspondingly Suggestions for the landing of investment enterprises are put forward. He said that Indonesia's current policy to attract manufacturing investment is unprecedented. For example, those with an investment amount of IDR 100 billion to 500 billion can enjoy full corporate income tax exemption for 10 years, plus a 50% reduction for two years; the higher the investment amount, the greater the incentive. At the same time, in order to attract investment, Indonesia has also vigorously promoted the construction of special economic zones. As of 2021, Indonesia has approved the establishment of 19 special economic zones, of which 14 have been put into operation.

Zhang Ping said that Indonesia's policy of developing downstream industries of mineral resources and encouraging "domestic products" has also provided a lot of "policy dividends" for Indonesia's manufacturing investment. The "Domestic Products" policy has put forward requirements on the localization ratio of products, which has covered 1,250 kinds of commodities, such as agricultural supporting materials and machinery, mining machinery and oil and gas machinery, heavy equipment and construction material handling, factory machinery and construction materials, etc.

At this summit, many business representatives shared cutting-edge information and practical experience. "I believe that under the promotion of Indonesia's Industry 4.0, this summit will bear fruitful results." Alis Maveyanto, head of the sales department of the PERSERO Industrial Park, who came to the conference from Central Java, said that he was very impressed with the Indonesian manufacturing industry. The investment prospects are full of expectations.