JCCI, Batam sign promotion pact<\/p>\n
BATAM, Riau (JP): Chairman of the Japanese Chamber of Commerce
\nand Industry (JCCI) in Singapore Takashi Muraki said here on
\nThursday that it was ready to provide information and help Batam
\nIndustrial Development Authority to attract more Japanese
\ncompanies to invest here.<\/p>\n
Accompanied by 50 Japanese businesspeople, Muraki said Batam
\nisland was a well-known industrial zone in Asia and had attracted
\nforeign investors due to its competitive edge such as a positive
\ninvestment climate and low-cost investment.<\/p>\n
He said he had made a one-day visit to Batam to sign a
\nmemorandum of understanding (MoU) and to witness development and
\ninvestment on the island, which is close to Singapore.<\/p>\n
Muraki and chief executive of Batam Authority Ismeth Abdullah
\nsigned the MoU, which covered cooperation on data and information
\nexchange, and investment, trade and promotion missions.<\/p>\n
Muraki said JCCI, with 7,000 members, would play a role in
\nproviding advice to Japanese companies, which had the right to
\ndecide whether or not to invest in Batam.<\/p>\n
The 1990 to 2002 data shows that around 52 Japanese companies,
\nof which 39 were joint ventures, operated in Batam, with total
\ninvestments amounting to US$ 395.80 million. They invested in
\nelectronics, oil and gas, laboratory and health instruments, and
\nplastic products.<\/p>\n
There are in total 611 companies, 34 of which are
\nmultinational, with a total investment of US$9.2 billion. Around
\n300 Japanese expatriates work there.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/jcci-batam-sign-promotion-pact-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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