JAKARTA - Developed nations are seeking new locations to expand their\nindustries. The relocation of industries from one country to another is\ncurrently a growing trend. Indonesia is striving to secure new\ninvestment quotas from these industrial relocations. However, other\ncountries such as Vietnam, Thailand and India are also competing for the\nsame opportunities.<\/p>\n
Deputy Chairman of the Indonesian Industrial Estate Association (HKI)\nDarwoto explained that prospective investors seeking new investment\nlocations are more attracted to India and Vietnam.<\/p>\n
\u201cWe asked our Japanese colleagues what the difference is between\nVietnam, Indonesia and India. They said India is more attractive. This\nmeans India offers something that can even be provided upfront,\u201d said\nDarwoto at a Bisnis Indonesia discussion forum entitled \u201cVarious Threats\nto Investors\u201d in Jakarta on Wednesday (21\/5\/2025).<\/p>\n
According to him, India\u2019s boldness in providing upfront incentives\nhas made Japan more inclined towards them, despite Japanese company\nexecutives preferring to invest in Indonesia.<\/p>\n
\u201cThey actually want Indonesia, because it is closer and the culture\nis not that different. India is far away and the culture is very\ndifferent,\u201d said Darwoto.<\/p>\n
Under the leadership of President Prabowo Subianto, who has called\nfor adopting the ATM formula (Observe, Imitate and Modify), Indonesia\nhas an opportunity to capture these relocations, provided that several\nobstacles such as thuggery by civil organisations and short-sighted\npolicies can be evaluated and improved.<\/p>\n
\u201cWe can follow examples from other countries and heed President\nPrabowo\u2019s direction to observe, imitate and modify, so that the economic\ngrowth target mentioned earlier can reach 8 per cent,\u201d he said.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/indonesia-competes-with-india-and-vietnam-for-industrial-relocation-investment-1771242825", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }