Government Prepares Incentives for Hyundai Plant Expansion

By : Ahmad Fadli And Aldi Firhand. A | Monday, September 03 2018 - 23:29 IWST

Hyundai Oto Commercial Indonesia (ist)
Hyundai Oto Commercial Indonesia (ist)

INDUSTRY.co.id - Jakarta - The government has opened the option of giving tax incentives to the automotive manufacturer from South Korea, Hyundai. This incentive was given following Hyundai's plan to invest large enough amounts in Indonesia.

"It can be a tax holiday, but actually it applies to all, not just one company," said Industry Minister Airlangga Hartarto after attending a coordination meeting at the Coordinating Ministry for Economic Affairs Building, Central Jakarta, Monday (3/9/2018).

The news about the investment plan by Hyundai has actually been released since 2017. Hyundai plans to make Indonesia one of the production bases for their market in Southeast Asia. One way is to build the manufacturer itself which is rumored to have a production capacity of up to 1,000 units.

Airlangga said there were some things that were discussed in relation to Hyundai's investment. One of them is the issue of Domestic Content (TKDN) in the automotive industry, including Hyundai later. According to him, domestic automotive component companies only want the TKDN rules to be tightened by the Indonesian National Standard (SNI). "This is to reduce imports too," he said.

But until now, there has not been a final agreement on Hyundai's investment scheme in Indonesia. Airlangga said the relevant ministry was still holding talks. "This is just talking, nothing has been decided yet," he said.

News Comment

Today's Industry

Rashelia Pasca Dwiton - Student of MM Tech President University Batch 5

Sabtu, 06 Februari 2021 - 13:00 WIB

Cosmetics Product Development Effect on Marketing Strategy and Consumer Behaviour

They have changed the way they presented the ads, as well as the packaging of cosmetics product they launch.

Mechatronic Calotte Loader mWL.cs

Sabtu, 23 Januari 2021 - 17:50 WIB

Mechatronic Systemtechnik Unveils Proprietary Calotte Loader mWL.cs

A fully automated stand-alone system for transferring wafers between cassettes and calottes, the mWL.cs provides integrated device manufacturers (IDMs) an opportunity to increase yield and improve…

Synopsys Software

Rabu, 13 Januari 2021 - 18:40 WIB

Synopsys Recognised as a Leader in Static Application Security Testing by Independent Research Firm

Synopsys receives highest score among 12 SAST providers in current offering category.

Electro-Balancer (E-Balancer)

Rabu, 13 Januari 2021 - 16:00 WIB

ZASCHE Handling Rolls Out New Range of Electric Balancers

the E-Balancer is a versatile tool suited for a broad range of heavy-duty industrial applications.

Taylor Armerding, Software Security Expert at Synopsys Software Integrity Group (Photo by Linkedin)

Rabu, 13 Januari 2021 - 15:40 WIB

What is the Cost of Poor Software Quality in the U.S.?

And if you doubt its credibility, or that it applies to software, check out the latest report from the Consortium for Information & Software Quality (CISQ), in partnership with Synopsys, “The…