Twenty Guangdong companies to invest in Indonesia

Jakarta (ANTARA News) - The Indonesian Investment Coordinating Board has said that 20 companies from Guangdong, China will expand their business in Indonesia.

"Our marketing office team will be coordinating with the relevant ministries to facilitate these investors in realizing their business plans," the Head of Investment Coordinating Board, Franky Sibarani, said in a press release received by ANTARA here on Friday.

These companies are engaged in various business sectors such as electronics, footwear industry, stone crusher, building materials, cooling storage and LED industry.

The investment plans were delivered at a meeting during the Business Forum in Guangzhou, China on July 21.

"Realizing the investment is a gradual process. It starts with expression of interest in making the investment, and then comes the actual realization part. Therefore, we always welcome every investment interest expressed by any firm in China," he noted.

Franky added that the interest of Chinese businessmen in expanding investments in Indonesia has been also indicated by the China Council for the Promotion of International Trade (CCPIT) which will be establishing Guangdong-Indonesia Chambers of Commerce in Jakarta.

China is one of main investors in Indonesia with a realization value of US$2.6 billion since 2010 up to now, mainly in infrastructure, metal industry, machinery, and electronicity.

Data obtained from the board records the realization investment of China in the first quarterly 2016 at US$464 million, covering 339 projects which have absorbed 10,167 workers.(*)