Indonesia prepares 3,000 hectares of industrial zone for Japanese firms' expansion

2013-02-11 09:43:43 GMT2013-02-11 17:43:43(Beijing Time)  Xinhua English

JAKARTA, Feb. 11 (Xinhua) -- Indonesia's Industry Minister Mohammad S. Hidayat said on Monday that government would prepare 3, 000 hectares of areas designed as industrial zone to accommodate the needs of 1,500 Japanese firms intending to expand their operation in the country.

The minister's statement came up after his closed-door meeting with delegation of the Japanese businessmen association Kankeiren (Kansai Economic Federation) here.

The minister said that among discussions highlighted during the meeting was intention of Japanese firms to expand their operation in Indonesia.

"The delegation consisted of 40 people, representing 1,500 firms. They come here to explore possibilities to expand their operation in Indonesia," the minister was quoted by the as saying.

The Indonesian minister added that other subjects discussed in the meeting with the delegation were the ongoing massive infrastructure projects carried out in Indonesia and development of settlements around the capital city of Jakarta called Metropolitan Priority Area (MPA).

He said that Japanese government has agreed to jointly take part in the MPA projects with Indonesian government, adding that both governments also agreed to build Cilamaya seaport.

Chairman of Kenkeiren Shosuke Mori said that the association has pledged its continuing commitment to partake in Indonesia's economy and industrial development.

"We have very good relations with Indonesia. Based on such an excellent relationship we have been developing strong economic cooperation," he said, adding that the association is seeking further meeting with Indonesian counterparts to enhance the already-well cooperation.

Japan ranks second after Singapore in countries with largest investment in Indonesia as of last year with total investment of 2. 5 billion U.S. dollars, accounting for 10 percent of total foreign direct investment in the country that reached 24.6 billion U.S. dollars.

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