Fri, 05 Feb 2010
Jakarta (ANTARA News) - Hitachi Asia Ltd. has an intention to expand its investment in Indonesia, Chief Executive & Chief Innovation Officer for Asia, Hitachi Ltd, Yasunori Taga, said here on Thursday.

"We have planned so far to invest in Indonesia and we want to realize it as soon as possible," Yasunori Taga said in a Media Briefing Hitachi Young Leaders Initiative Alumni Forum.

He said Indonesia was a potential country with abundance of energy namely gas, liquefied natural gas (LNG), coal, and others.

But Yasunori Taga added that he was currently focusing on social infrastructure development sector such as railway system, transportation facility, or other business which has direct contribution to Indonesian economic progress.

In was of the opinion the global financial crisis did not have negative impact on Indonesia as one of the countries which had positive gross domestic product (GDP) growth.

Therefore such a fact made him confidence that Indonesia had potential market development.

"We have had business line here in high voltage transformation but it is still for export purposes to Middle East," Yasunori said, admitting that he had yet to define for sure the kind of investment Hitachi Asia Ltd. would make in Indonesia.

But he said he would remain using local content in an optimal manner.
"Anyway we also has standard quality that has to be met for the local content, and therefore everything should be tested whether it meets the standard or not," Yasunori said.

It is the way how to meet the standard that has hampered so far the realization of investment in the country.

Yasunory also said Hitachi would focus on long term social infrastructure business.
"It is a long term business that will have a direct touch with the people at large, and therefore we have to make sure the the political and economic stability in the country where we want invest," he said.

Established in 1995, Hitachi Asia has been marketing various products and services for the industrial sector such as power generators, transmission networks and distribution systems, industrial components and equipment, air conditioners, elevators, and escalators.(*)



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