President Joko Widodo talks with the Coordinating Minister for Economic Affairs Airlangga Hartarto when he opens the 2020 Ministry of Trade meeting at the State Palace, Jakarta, Wednesday (4/3). Photo: Ricardo
jpnn.com, JAKARTA – The Coordinating Minister for Economic Affairs Airlangga Hartarto delivered the good news that 143 companies from a number of countries are planning to relocate their investment to Indonesia.
Hundreds of companies came from the United States (US), Taiwan, South Korea, Hong Kong, Japan and China.
“Data from BKPM shows that 143 companies have plans to relocate investment to Indonesia with the potential to absorb more than 300 thousand workers,” said Airlangga in a virtual HSBC Economic Forum in Jakarta, Wednesday (16/9).
The plans of hundreds of companies to relocate their businesses cannot be separated from the blow due to the Covid-19 pandemic. Investors think that they cannot rely on a single, centralized supply chain of goods.
According to him, this condition is a momentum for Indonesia to be able to replace China as an investment destination country from the new global supply chain relationship.
“Now many multinational companies are starting to relocate from China to other Asian countries, especially ASEAN,” said the former Minister of Industry.
The government has also prepared a strategy to face external and internal challenges in welcoming the investment relocation opportunity.
One of them is the government will soon complete the discussion of the Job Creation Bill with the DPR to increase investment.