The Minister of Investment/Head of Capital Investment Office (BKPM), Bahlil Lahadalia has visited Xinyi Group, one of the biggest Chinese company in the fields of glass and solar panel manufacturing industries, located in Wuhu, China, on Wednesday (19/7/2023)
This visit is a follow up on the plans of Xinyi Group’s investment in Rempang Eco-City region located in Batam, Riau Islands.
“I envision Xinyi as one of the biggest players in the world that will hopefully invest in Indonesia, in Rempang”, stated Bahlil through written statements.
Such visit is a reflection of the Indonesian government’s commitment to pursue the downstreaming of various industrial sectors.
“For a long time we’ve been downstreaming nickels. We also have quartz sand commodity, silicas that we’ve for a long time exported as raw material. With building the ecosystem of a glass factory and solar panel, this is a step towards downstreaming in the quartz sand sector,” stated Bahlil.
Meanwhile, the CEO of Xinyi Group, Gerry Tung, appreciates the directives of the Indonesian Government on the easeness of investing capital fund in Indonesia.
The improvement of the investment environment and the potential of the Indonesian economy are some of the factors that convinces them to increase investment.
“For years we have paid attention that investing in Indonesia is a stellar choice. There has been various changes for the better. We have invested in Gresik, now that we’ve seen great developments (in Indonesia), it entices us to grow to new industries, including the one in Batam,” states Gerry.
Chinese investment in Indonesia, from 2018 to Q1 2023, has been the second biggest with total investment of 24,55 million US Dollar.
Such investment is spread in 5 regions of Indonesia, that is Central Sulawesi (USD 6,88M), West Java (USD 5,21M), North Maluku (USD 3,83M), DKI Jakarta (USD 1,74M), and Banten (USD 1,45M).
In average, this investment is spread through various industries, such as basic metals (USD 8,61M); transportation, warehousing, and telecommunication (USD 6,69M); electricity, gas, and water (USD 2,75M); real estate, industrial zones and offices (USD 1,74M); and chemical industries (USD 1,95M).
