Nagoya Japan Investors Invited to Invest in Automotive Industry

INDUSTRY.co.id -Jakarta- The Minister of Industry of Airlangga Hartarto invited investors from Nagoya, Japan, to work together to invest in Indonesia at the Indonesia Investment & Business Forum (IIBF) event in Nagoya.

<> Nagoya is the largest investor from Japan in Indonesia, there are about 100 companies in the country. Moreover, this city is a manufacturing center in Japan. For that, we want to establish long investment cooperation with the investors of Nagoya, Airlangga said through his statement received in Jakarta, Sunday (22/10/2017)

According to him, Japan has been a strategic partner for Indonesia. Japan-Indonesia transactions in the second quarter of 2017 reached 14.8 billion US dollars or an increase of five percent over the same period in 2016.

Meanwhile, this year, Japan's total investment in Indonesia reached 17 billion US dollars with the main sectors are the automotive industry, electronics, and food and beverages.

In front of hundreds of Japanese businessmen, the minister said Indonesia as one of the G20 countries whose economy is able to grow five percent in the last four years, and is expected to skyrocket over five percent in the next two to three years. Indonesia is also a country getting investment grade accreditation from various international institutions, he said.

Furthermore, Indonesia's other strength is as the largest market in Southeast Asia or controls up to 50 percent of the total ASEAN countries with a value of 1 trillion US dollars and the population of 240 million people.

This good potential, according to Airlangga, is very good for business cooperation.

Nagoya is a cluster of major manufacturing industries in Japan, primarily for the automotive and component sectors. We see large companies such as Toyota and Mitsubishi have committed to contribute investment in Indonesia in various industries and also related to the development cooperation center of innovation, he explained.

Airlangga asserted, the manufacturing industry is not new in Indonesia, because it is one of the countries whose industrial contribution to the GDP of more than 20 percent. Based on data on contribution to GDP, Indonesia ranks fourth after South Korea (29 percent), China (27 percent), Germany (23 percent). Therefore, Indonesia is set to become the Top 15 manufacturing world.