"This is part of efforts to achieve our short-term target in 2013," NMI President Director Takayuki Kimura said here on Saturday.
He said the increase in the local contents was also aimed at expanding the scope of Nissan products to up to 80 percent in 2014.
For its part, NMI held a meeting with supplies in Jakarta recently. The meeting was the starting point to support the company`s plan and commitment to realize the LCGC project, he said.
He said around 500 suppliers from Indonesia and other Asian countries who took part in the meeting appeared to be enthusiastic.
"The two-day meeting was aimed at exploring the possibility of cooperation between suppliers and Nissan," he said.
Now that Nissan was growing rapidly in Indonesia, it was important for NMI and suppliers to have similar understanding about the country`s business prospects. Likewise the suppliers were also expected to understand what Nissan had achieved so far, he said.
"The activity was also aimed at gaining better business process with vendors as well as at exploring the possibility of increased localization," he said.
In the next two years, Nissan would invest 25 billion yen or US$312.5 million to increase production capacity and develop a new assembling plant, he said. (*)
Editor: Kunto Wibisono
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