JakartaPost-Apr 15, 2021

President Joko “Jokowi” Widodo has offered to open, within the Batang Integrated Industrial Park in Central Java, an area designated for German companies as Indonesia seeks to woo new foreign investors. Jokowi extended the offer to German Chancellor Angela Merkel during a closed-door virtual meeting on Tuesday, a day after the two leaders opened the German-based Hannover Messe 2021 trade fair, in which Indonesia is a partner country. He urged Germany, a European industrial powerhouse, to increase industrial investments in Indonesia by building factories and by integrating Indonesia into its global supply chain. He also suggested forming a partnership to develop vocational schools in improving Indonesia’s human resources. The Jokowi administration is on a campaign to get foreign companies to invest in and relocate to Indonesia as the country’s foreign direct investments (FDI) dropped by 2.4 percent year-on-year (yoy) to Rp 412.8 trillion (US$28.24 billion) in 2020, according to Investment Coordinating Board (BKPM) data.

Read more athttps://www.thejakartapost.com/news/2021/04/15/jokowi-proposes-exclusive-german-industrial-area-in-c-java.html?src=mostviewed&pg=/.