China to invest $5 billion in Indonesia

Statue-Jalan-Sudirman-Central-Jakarta-Indonesia-Investments

China-based Minsheng Investment Corp. Ltd (CMI) and several other Chinese investors have expressed their strong commitment to investing US$5 billion in Indonesia.

CMI CEO Li Huaizhen said on Friday said that CMI planned to invest in Indonesia in an effort to expand its business at the global level.

“Indonesia is one of the main markets for CMI when our company decided to expand its business at the global level. In terms of development, Indonesia and China are cooperating with each other, in which case, the demands of the Indonesian market can be met by Chinese industries,” he said as quoted by Antara news agency.

According to Li, the investment would boost Indonesia’s economy through industrial development. He said the capital transfer process showed that Chinese companies were competitive and had international competency.

“CMI will head some leading private companies to build an industrial area in Indonesia for numerous commodities such as coal, chemical materials, electrolyte aluminum, metal and steel, power plants, cement, infrastructure, seaports, Internet, and manufacturing and operations of commercial aircraft and helicopters.

“CMI in cooperation with Chinese private companies will provide assistance to Indonesia in the forms of technology transfer and management,” Li affirmed.

He said the demand for goods and infrastructure development projects in Indonesia would serve as an opportunity for Chinese companies to ensure that their technological and managerial capabilities could be accepted in the international market.

In addition to investing in the industrial sector to meet Indonesia’s market demands in the fields of infrastructure and industrial manufacturing, CMI has also made a commitment to investing in the social sector to contribute to development in Indonesia.

 

Source : The Jakarta Post | April 24, 2015

Thomas D’Innocenzi

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About thomasdinnocenzi

Thomas D'Innocenzi is a highly accomplished, results-focused senior international executive with extensive experience in global sourcing and market development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global sourcing operations worldwide. Extensive experience in international market development operations to accommodate rapid growth. Skilled in building top-performing teams, benchmarking performance, and restricting organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. As principal of Nova Advisors, LLC I’ve assembled an exemplary team that brings with them the knowledge and experience gained from starting up a Global Sourcing program with multiple Fortune 500 companies as well as the largest supplier network throughout the Asia-Pacific region. We have experience and expertise in more than a thousand medical and pharmaceutical products in manufacturing and sourcing at the best value. The right product, the right price point and the right branding fueled these successes that resulted in double-digit growth for top line sales and bottom line net margins for our customers. What sets us apart: • Our reach includes a large network of suppliers & manufacturers spanning 13 countries in Asia-Pacific region • We understand the manufacturing process and the business of the supplier and the buyer • Our company culture is based on quality assurance and our process is based on local quality control Our commitment is to be your partner offering the best products and services at the lowest cost. Contact me to discuss how we can make the global marketplace work for you. thomas@novaadvisors.com In addition, I am open to discussing opportunities in global sourcing, international marketing & sales, logistics and medical/pharma in Thailand, Vietnam, Malaysia, Philippines & Japan. Aside from my work I enjoy piano, astronomy, physics, and assisting my daughters with their studies. SPECIALTIES: Global Sourcing, Supply Chain Management, Business Development, Marketing, Logistics, Global Networking, Market Development, Healthcare Solutions, Pharmaceuticals, Medical Devices, Technology, Asia, Southeast Asia, US and Canada
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