'Business Cooperation Not Just With China,' Says Investment Coordinator Luhut

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  • Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan when visiting the Polda Metro Jaya on Monday, November 15, 2021. Tempo/Adam Prireza

    Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan when visiting the Polda Metro Jaya on Monday, November 15, 2021. Tempo/Adam Prireza

    TEMPO.CO, JakartaCoordinating Minister of Maritime Affairs and Investments Luhut Pandjaitan in a virtual event on Wednesday asserted that the government is open to establish partnership with any country in the world in order to push Indonesia’s downstream sector, such as the industries of batteries, cathode, and precursor. 

    He also mentioned that the government does not only open cooperation with China, as many have criticized in the past. 

    “Now don’t think that we are only open to cooperate with China. That is just incorrect. We are partnering with any country in the world,” he said on November 24. 

    As an example, he mentioned the bilateral cooperation with Abu Dhabi in the aluminium industry at the Integrated Green Industrial Park in North Kalimantan slated for December, which has a claimed investment value of US$44.6 billion.

    Luhut also mentioned the implementation of the widely-protested Job Creation law that simplifies business permits can fix Indonesia’s investment climate by attracting more investors into Indonesia. 

    In the online event, he said the country can potentially transform into a crucial player in the global electric vehicle supply chain by developing the nickel ore, bauxit, copper, and tin industries. 

    “[Investments] from just these four sectors we can transform Indonesia in the future,” he said. 

    Read: Jokowi Urges Investment Services to Heed Smaller Investors

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