Indonesia has gained $7.4 billion in new investments from China, as confirmed by Rosan Roeslani, the Minister of Investment and Downstreaming and Head of the Investment Coordination Agency (BKPM).
Roeslani revealed this development during his visit to Beijing. He stated that the investments focus on four sectors: polysilicon, fibreglass, polyethylene terephthalate (PET), and electric vehicles (EVs). Notably, polysilicon is a key material for semiconductors, while PET serves in producing textile fibres and plastic containers.
“These investments will strengthen diversification, as they are not limited to EVs,” he emphasised.
During his five-day trip to China, Roeslani visited six cities, which he described as highly productive. He highlighted the strong interest and positive feedback he received from the companies. Furthermore, he encouraged Chinese firms already operating in Indonesia to expand their investments.
To further support these commitments, Roeslani outlined the government’s policies for improving the business climate and simplifying regulatory processes. Additionally, he proposed collaborations in training and research, which several Chinese companies welcomed. Some even expressed plans to establish research and development centres in Indonesia.
The previous administration had set a 2024 target of attracting $101.6 billion in investments and creating 2.12 million jobs. By mid-2024, Indonesia had reached $51.13 billion in investments, achieving 50.3% of the goal, while generating over 1.2 million jobs. Looking ahead, the government has set a 2025 target of $117.43 billion in investments, with an aim to create 2.45 million jobs.
Between 2019 and mid-2024, Chinese investments in Indonesia amounted to $32.2 billion. In 2023 alone, China contributed $7.4 billion.
