Foreign investors are still interested in Indonesia. In the near future, investors from South Korea will expand their investment in Subang and Sukabumi, West Java. “In the near future, there would be investment in apparel industry in Subang and Sukabumi,” the Vice Chairman of API Ade Sudrajat said on Wednesday (22/10) amid the Korea-Indonesia Forum: Strenghtening Korea-Indonesia Cooperation of Textile and Apparel Industries, at Mulia Hotel Jakarta.
Ade didn’t mention how much investment realized. “I have yet to mention the value but the investment will absorb 25000 workers,” he said. There are 14 companies, Ade added, and 4 companies realize their investment this year. “The companies will absorb more than 8000 workers,” Ade explained. Foreign investors are interested in investing in this region because the regional government is proactive to improve business climate. “Mainly in the aspect of license and the business certainty,” Ade added.
It is recorded that up to June 2008, investment from Korea in the textile industry in Indonesia reached US$ 489 million with the surplus of US$ 400 million for Indonesia. The Korean investors stated investment climate in Indonesia is getting better. The cooperation focuses on the transfer of technology especially for the upstream sector.