Advantages of Moving Chinese Manufacturing to Indonesia

The Chairman of the Asian Trade, Tourism and Economic Council (ATTEC), in the Indonesia Investment Summit, emphasized that this is a golden opportunity for Indonesia to attract foreign investment and welcomed global investors, especially Chinese manufacturing investors, to invest and set up factories in Indonesia.Indonesia is being viewed as a new center of global economic growth with significant advantages for attracting foreign investment. Not only does it have a huge market, but it also has stable policies, a favorable geographic location, and very promising prospects for economic development, which gives it the potential to become a powerhouse of world economic growth. With the huge potential for manufacturing investment in Indonesia, he calls on Chinese factory owners to consider Indonesia as a new production base. He believes that relocating factories to Indonesia will enable them to engage in joint ventures with local SMEs, which will not only help foreign factories to expand their business, but also promote the development of Indonesia's local industry. It is crucial for foreign factories to enter Indonesia to meet the local component domestic sourcing rate (TKDN), which enables them to enter the government procurement supply chain. The relevant ecosystem is now complete and the policy provides opportunities for investors who fulfill the conditions. He explicitly invites global investors to invest in Indonesia and encourages them to open factories in Indonesia to fulfill the TKDN requirement, which in turn will enable them to integrate into the government procurement supply chain and share the dividends of Indonesia's economic development.