I hope Japanese investors would continue expanding their production capacity ..."
Jakarta (ANTARA News) - Industry Minister Saleh Husin asked a group of top Japanese business leaders in Tokyo to boost export oriented investment in Indonesia.

Saleh Husin was in Japan to accompany Vice President Jusuf Kalla on a visit to that country seeking to promote investment cooperation between the two countries.

Husin pointed to plan by Yamaha to increase its production of 250 cc R25 motorcycles in Indonesia for exports to America, Europe and Japan.

He said Mitsui, which has been doing business in Indonesia for almost 100 years, will continue investment in the country by building Jakarta;s Mass Rapid Transit (MRT) project and to expand Tanjung Priok port.

The meeting in Tokyo last weekend resulted in investment commitment by a number of some of the big business leaders including in the automotive, infrastructure, oil and gas and electricity sectors.

Among Indonesian leaders taking part in the meeting were Ambassador Yusron Ihza Mahendra, chief of the Investment Coordinating Board (BKPM) Franky Sibarani, and the vice presidents chief economic adviser Sofjan Wanandi.

"I hope Japanese investors would continue expanding their production capacity and contribute to increasing Indonesias exports," Husin said.

He appreciates the contributions of Japanese investors to the countrys exports increasing , export earning and created more jobs.

In the first nine months of 2014, new Japanese investments in the country were valued at US$2.04 billion placing Japan second to Singapore as the biggest foreign investing countries in Indonesia during that period.

Largest Japanese investment sin the country are in the automotive , transport equipment and metal industries worth US$880.6 million and in machinery and electronic industry valued at US$384.5 million.

Husin sought to convince the Japanese business leader that the Indonesian government would continue to improve the business and investment climate in the country such as by simplifying the licensing procedure through One Stop Service at BKPM.

The largest economy in Southeast Asia is set to chalk up a significant economic growth with its per capita GDP expe3cted to quadruple in 2020.

For Japanese business leaders, Indonesia is one of the most potential investment destinations in the world.

Many Japanese investors in the country plan expansion of business to a number of southeast Asian countries mainly Indonesia, Husin said.

According to an ASEAN Business Outlook Survey 2014, Indonesia is the most attractive place for business expansion in the region followed by Vietnam and Thailand.

Husin said Indonesia is expected to continue to chalk up growth to a higher level to place the country in the ranks of developed economies.
(Uu.H-ASG/A014)

Editor: Priyambodo RH
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