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||22 June 2009
Chinese investors eye Indonesian car market
Two Chinese car maker giants are considering investing in Indonesia given the Southeast Asian country’s promising market, reported the Jakarta Post.
"There are one or two investors from China [interested in investing in Indonesia]," industry ministry director general for transportation and telecommunications and informatics industries, Budi Darmadi, told reporters on Tuesday.
"They [the potential investors] are still surveying the market ... and yet to decide on car types [they plan to produce]."
Budi said the government would demand Chinese companies set up their production hub in the Southeast Asian region should they wish to tap into the regional market.
Meanwhile Indonesian government expects to help the country's car and motorcycle stand out by 2019 as an equal competitor among the global players dominating the domestic market.
"The [car and motorcycle] industries will improve within the next five to 10 years in a format that we want," Industry Minister Fahmi Idris said Tuesday at the opening of an exhibition on transportation at the ministry.
"[The manufacture of] two-wheeled and four-wheeled vehicles will be entirely supported, with auto parts to be completely produced within the country."
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