$5.7b investment seen for MM 2100
$5.7b investment seen for MM 2100
JAKARTA (JP): Domestic and foreign investment in the MM 2100
Industrial Town in Cibitung, Bekasi, West Java, is expected to
increase from $1.3 billion now to $2.8 billion in 1998 and $5.7
billion in 2003, a Japanese investor said yesterday.
G. Tamatsukuri, the chief executive officer of PT Megalopolis
Manunggal Industrial Development, which owns and manages the
industrial town, told a delegation of foreign trade officials
that the 1,000-hectare integrated industrial estate now
accommodated 111 investment projects.
"These projects together have acquired more than 367 hectares
of industrial plots in our complex," Tamatsukuri was quoted by
Antara as telling trade officials from several diplomatic
missions in Jakarta including Austria's, Britain's, France's,
Japan's and Vietnam's.
He said the MM 2100 Industrial Town had been developed and
managed since 1990 by PT Megalopolis, a joint venture 60 percent
owned by Marubeni Corp. of Japan and 40 percent by Indonesia's
Manunggal business group.
Tamatsukuri said he expected more industrial projects would be
located at the industrial park because Indonesia was attractive
to investors, and the estate was strategically located.
"I project total investment in our industrial town will reach
$5.7 billion in 2003," he added.
He said that industrial estates with easy access to basic
infrastructure such as seaports, highways, power and
telecommunications were becoming more popular.
"Moreover, we provide assistance to investors intending to
establish businesses at our industrial park to expedite the
processing of all required permits.
"First of all, they are saved all the problems of land
acquisition when they locate their projects at our industrial
park. And if necessary, we can also help them select building
contractors to build their plants," he said.
Sugihono Kadarisman, the chief of the Investment Coordinating
Board's promotion bureau, who accompanied the foreign trade
officials, agreed that industrial estates were designed to help
investors get land and permits.
He said the MM 2100 Industrial Town was one of the best
industrial parks in the country.
Sony, LG Electronics, Nippon Denso, NSK and dozens of other
companies from Asia and Europe are setting up plants at the MM
2100 estate.
Tamatsukuri said the plants at his industrial estate employed
24,000 workers.
"But the employment in this area alone is expected to increase
to 25,000 in 1998 and to more than 136,000 in 2003 as new plants
are established," he added. (vin)