Friday, 28 April 2023 02:36

Indonesia Emerges as Top Investment Destination for Manufacturing Sector

Indonesia's investment has grown 1.6 times between 2018 and 2022, and the increase is higher in the manufacturing sector, reaching 2.1 times. The country has more than 100 industrial areas located on Java and outside Java, providing the necessary infrastructures, including power plants, industrial gas supply, IT networks, waste processing, toll roads, and train lines. Smart-eco industrial parks have also been developed to implement the Fourth Industrial Revolution.
Schneider Electric Indonesia is partnering with industries to enhance their digital capability for sustainability and efficiency. It has two of the largest plants in Indonesia, absorbing 3,800 workers, and has been active in CSR programs. Vale Indonesia, with total investment of $6.8 million, has been producing 3% of the world's nickel demand, and has employed 3,000 local workers. Indonesia's population of 271 million provides an adequate workforce for global companies, and the country has a bonus demographic with an average working age of 30 years. Bloomberg data shows that Indonesia is the country most likely to survive any future recession, with only a 2% chance of a recession happening.

 

 

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