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BKPM: Indonesia's Labor-Intensive Sector Continues to Attract Japanese Investors
Jakarta. Japanese businesses are still interested in investing in Indonesia's labor-intensive sector despite sluggish economic growth hitting the industry, the country's Investment Coordinating Board, or BKPM, said.
BKPM chairman Franky Sibarani made the comments on the sidelines of an investment event in Japan on Friday.
"Interest in investment at the event came from various sectors, including the maritime, manufacturing and labor-intensive industries," Franky said.
"Japan is a strategic partner for Indonesia. It was President Joko Widodo's first state visit destination in March. It also one of four main hubs for BKPM's investment promotion in 2015," he said.
BKPM used the event to follow up investment plans from Japan worth $2.05 billion in labor-intensive industries, $700 million in infrastructure and $650 million in the tourism industry.
According to BKPM data, Japan is the third-largest foreign investor in Indonesia, and it is working hard to strengthen ties in the region.
Japan has invested $2.49 billion in Indonesia in the January to September period, up from $2.04 billion in the same period a year earlier.
BKPM: Indonesia's Labor-Intensive Sector Continues to Attract Japanese Investors | Jakarta Globe
Jakarta. Japanese businesses are still interested in investing in Indonesia's labor-intensive sector despite sluggish economic growth hitting the industry, the country's Investment Coordinating Board, or BKPM, said.
BKPM chairman Franky Sibarani made the comments on the sidelines of an investment event in Japan on Friday.
"Interest in investment at the event came from various sectors, including the maritime, manufacturing and labor-intensive industries," Franky said.
"Japan is a strategic partner for Indonesia. It was President Joko Widodo's first state visit destination in March. It also one of four main hubs for BKPM's investment promotion in 2015," he said.
BKPM used the event to follow up investment plans from Japan worth $2.05 billion in labor-intensive industries, $700 million in infrastructure and $650 million in the tourism industry.
According to BKPM data, Japan is the third-largest foreign investor in Indonesia, and it is working hard to strengthen ties in the region.
Japan has invested $2.49 billion in Indonesia in the January to September period, up from $2.04 billion in the same period a year earlier.
BKPM: Indonesia's Labor-Intensive Sector Continues to Attract Japanese Investors | Jakarta Globe