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 international consultant with extensive experience in global sourcing and business development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global marketing and sourcing operations. He has extensive experience in international business development to accommodate rapid growth. Skilled in building top-performing teams, bench-marking performance, and developing organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. Tom founded Nova Advisors with the mission of providing expert Global Business Development consulting services for companies seeking to expand their market share as an independent consultant. Tom has a network of experts and advisors throughout the Asia-Pacific region and North America. His expertise includes business development, global sourcing, manufacturing, commodities, logistics, QA/QC, FDA, regulatory compliance, sustainability, and supply chain optimization. Tom is experienced in the medical device, apparel, consumer goods and technology services verticals helping companies advance their global sourcing capabilities and develop new markets through a local and sustained approach. Located in SE Asia and the United States, Tom expands market reach to drive sales. His global sourcing strategy includes directly negotiating with commodity suppliers, supply chain networks and distributors for optimal terms based on his expertise and first-hand knowledge of the players. Contact Tom to use his consulting service to increase your global market and make global sourcing profitable for you in the Asia Pacific Region and the United States. http://www.NovaAdvisors.com thomas@NovaAdvisors.com USA Direct: +1.904.479.3600 SINGAPORE: +65.6818.6396 THAILAND: +662.207.9269
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