China allocates funds to establish industrial zone in Indonesia
The Indonesian government, through the Ministry of Industry, is actively encouraging Chinese investors to increase investment and expand business in Indonesia. Industry Minister Erranka Haldanto said that the cooperation between enterprises and enterprises (B to B) between the two countries is expected to improve the competitiveness of Indonesia’s national industry, as well as increase the welfare of the Indonesian people and accelerate the construction of popularization. .
Relevant coordination commitments have been signed by Indonesia's Morovali Industrial Park Company, Tsingshan Group and Delong Group, in order to invest US$980 million in Morovali Industrial Park, with an annual output of 3.5 million. Tons of carbon steel factory. In addition, Tsingshan Group, Eight Star Group, and Indonesia's Morovali Industrial Park Company will invest 650 million US dollars in the local industrial park to build a 700-megawatt power station project.
Airlanga stated that the relevant cooperation project is the continuation of the project initiated by President Jokowi and Chinese President Xi Jinping in the bilateral meeting held in the "Belt and Road" Forum in Beijing. "In addition, the Indonesian government has also promoted the cooperation with China in the North Ghatana Kuning Industrial Park, and other priority industrial parks, such as North Jiangsu and North Su Industrial Park.
According to data from the Ministry of Industry, China has invested US$2 billion in 594 projects in Indonesia, making it the third largest foreign investment country in the manufacturing sector in Indonesia. The value of this status has soared by 839% since 2015. From 2014 to 2016, China focused on investment in the Indonesian manufacturing sector, which mainly included the metal, machinery, electronic products, non-metallic minerals, chemical, pharmaceutical and food industries.
Solicit 34 trillion dong Pidong Port project
The Indonesian government is also at the forum, soliciting until 34 trillion rupiah to build the Bidong port project in North Sulawesi Province. The Priority Acceleration Infrastructure Supply Committee (KPPIP) recently led the business plan overview arrangement and implementation consultants, namely Mott MacDonald, Dloyt, and the HPRP lawyers consortium, went straight to the Bidong International Hub and Port to patrol to seek information about Bidong. The port prepares for the establishment of an international seaport, its supporting potential and on-site situation, and conducts investigations on the results and data of the infrastructure.
This is also about the promotion of business plan overview consultants and related intermediaries, especially the Indonesian Port Fourth Company (Pelindo-IV) and the North Su Province government.
Devi Anto Eco, the manager of KPPIP's transportation field, recently stated that the local construction projects related to the North-Soviet Corridor should be built in one corridor instead of being scattered separately. The goal is to obtain the hinterland programme for the development of infrastructure projects. It is hoped that relevant departments can develop this program as a road map.
Northern Jiangsu, Northern Canada and Northern Jiangsu are the three provinces that Chinese investors are interested in. As for the key role KPPIP plays, it is the process of bringing the relevant OBC to the Belt and Road Forum. Just like OBC’s task at the Kuala Tanjung International Hub Seaport, that is, the preparation of the project.
The government chose Bidong Port as the international hub port in the eastern region of Indonesia based on several considerations. If the growth potential is higher than that of the western region, the logistics of the eastern region of Indonesia is more dynamic and is expected to grow exponentially. In addition, the Bidong International Hub Seaport will support the industrial activities in the East Region, including the agriculture, mining and manufacturing industries in Ambon and Ternate; and the coal mining industries in Samarinda, Maripadan, Tarakan and Nunukan. , Petroleum and Laminate Industry.