Indonesia and Japan to Strengthen Collaboration in Manufacturing Companies
Indonesia and Japan and are putting plans in motion to further collaborate in establishing a manufacturing company in Indonesia. This joint venture will also put emphasis on the usage of electric vehicles (EV). This is stated by the Minister of Industry Agus Gumiwang Kartasasmita on a written statement, Thursday (8/9/2022)
Manufacturing Collaboration between Indonesia and Japan
“In this working relation with Japan, I hope to obtain their specific knowledge and advanced technology which can be used in Indonesia’ future strategic programs, especially natural commodity downstreaming, research and development of electric vehicles, and health and food sector”, the Minister said.
This partnership is just one of many agendas that will be discussed and ratified in the Indonesia-Japan Economic Partnership Agreement, which was announced during the G20 Conference in Bali.
In return, Indonesia is committed to offer trade deals for goods or spare parts in the manufacturing industry. It is hoped that this can create a win-win solution for both nations and smoothen the deal between one another.
Business Relations between Indonesia and Japan
The business relations between Indonesia and Japan are getting stronger by the day. In recent weeks, Japan has committed around IDR 37 trillion to manufacturing companies in Indonesia, specifically in the electric vehicle category. It is reported that the funds are coming from two of the most renowned Japanese automotive manufacturers, Toyota Motors and Mitsubishi Motors.
Future Business Prospects in Indonesia and Japan
It is widely believed that the electric vehicle industry will be booming from 2022 onwards. In relation to the Indonesian government’s latest fuel policy, the people of Indonesia are expected to switch from fuel-powered vehicles to electric vehicles. The current demands are very high and they are expected to rise even further.
By looking at the upwards trend of manufacturing companies in Indonesia, it looks like environment-friendly product registration will be the most popular service moving forward. Japan has paved the way and it also presents excellent investment opportunities for other countries in the world.
How can Double M help?
Indonesia is opening many opportunities for collaboration in the manufacturing industry. With Double M’s help, you can find suitable business partners or even establish your own manufacturing company in Indonesia