TEMPO.CO, Jakarta - The Indonesia Investment Coordinating Board (BKPM) invites Chinese investors to build ships in Indonesia to support the maritime sector development.
"The promotion is conducted in cooperation with the Bank of China and the China Classification Society, so participants attending the event are credible entrepreneurs," said Harri Susanto, Head of the Chinese Desk at the BKPM on Wednesday, July 8, 2015.
The investment promotions are done in two areas in Zhejiang and Fujian, starting on July 8 to July 10, 2015. "The selection of the two locations were based on the input from the Chinese [government], which are very familiar with places as well as industry players in the shipyard sector," said Harri.
Indonesia needs 1,500 ships in various categories with an investment value of US$ 13.4 billion. There are currently 250 shipyards in Indonesia spread throughout Java, Sumatra, Kalimantan and Batam.
The presence of foreign investors in Indonesia is expected to reduce the country's reliance on imported goods while simultaneously improve the trade balance, Harri said.