Minister Welcomes Chinese Group Investment Plan
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21 July 2019 00:25 WIB
TEMPO.CO, Jakarta - Industrial Minister Airlangga Hartarto said that the government is ready to welcome investment plan of Compal Group from Taiwan, which is aiming to open a new factory in Indonesia.
"They [Compal] is studying. In its studies, they spot a new location in ASEAN and will be interested to invest in Indonesia. With the tax holiday incentive facility we had offered, they are really interested in investing in Indonesia," Airlangga said in his written statement on Saturday, July 20, 2019.
Airlangga said that currently, Indonesia is open to many plans of investments in the electronic sector. The government had even issued a number of regulations on tax incentives and non-financial schemes to help facilitating investments.
Airlangga asserted that increasing investment in the electronic sector in Indonesia will allow the government to expand its foreign exchange sector base. The increase of electronic products production will also provide opportunities to reduce import of similar products.
"They are producer of iPad, Apple Watch, and many other products. For the global market share, they are close to 25% and they are the producer of all mini-notebooks," he stated.
Compal Group is a company that produces 5C products such as notebook, computers, tablets, wearable devices, and smartphones. This business group also in the middle of developing its own IoT (Internet of Things) based products to create smart house, smart car, and smart health care.
Compal has been operating in Southeast Asia. In 2007, the company begins production in Vietnam. Compal later has its own service center in Poland and a factory in Brazil. All over the world the company has absorbed as many as 80,000 manpower.
Harjanto, the Director General for Metal, Machinery, Transportation Mode, and Electronics (ILMATE) of the Industrial Ministry, said that Compal's plan to find a new production base was a result of the ongoing trade war between the US and China, which call the need for market diversification.
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