Business Activities News
- Indonesia invites SZ firms
Date: 18-Jun-2007 Sources: (Shenzhen Daily)
THE Indonesian Government is inviting entrepreneurs from Shenzhen and Guangdong to help build the country's infrastructure, to invest in electronic, chemical, textile, and machinery industries and to make full use of the country's fishery and forestry resources.
An investment seminar organized by the Consulate General of the Republic of Indonesia in Guangzhou, attended by nearly 50 Shenzhen enterprises, saw a number of letters of intent signed.
'We welcome investors in medicine production, iron ore exploitation, raw materials for steel production, coal-mining and other mineral resources,'said Yuliana Bahar, vice consul, in an interview Friday.
Wan Wenhui, marketing director at the Shenzhen office of a Yunan Puer tea factory, said he hoped he could export tea to the country in the future.
'We export 600 tons of Puer tea to South Korea, Japan and Malaysia every year, and I hope I can find partners to export tea to Indonesia.'
Investment by Guangdong private investors in Indonesia is small though the exact figure is not known. But according to the consulate, China's investment in Indonesia is expected to reach US$10 billion by 2010. Guangdong has around 30 Indonesian companies mainly engaged in the electronic, pharmaceutical, high-tech and chemistry industries.
'We have a policy of setting up special economic zones,'Yuliana Bahar said.
The improved environment, incentives in land use and taxes in Indonesia have enabled domestic investment and foreign investment to grow by 67 percent and 15 percent respectively in the first quarter of the year, she said.
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