Battery Industry Becomes Key Driver for Downstreaming Investment
Investment Minister and Head of the Coordinating Agency for Investments Rosan Roeslani is confident that downstreaming investments will grow positively thanks to the development of the electric vehicle battery ecosystem. “We already have (the ecosystem) in Indonesia now. Therefore, investments will proceed well,” he said during a press conference at the Ministry of Investment office in Jakarta on Thursday, 23 April 2026.
Rosan made the statement while delivering the first-quarter investment achievements this year. The Ministry of Investment recorded realised investments for January–March 2026 at Rp 498.8 trillion. This figure increased by 7.2% compared to the first quarter of 2025, which was Rp 465.2 trillion.
Of the total realised investments, 29.6% was contributed by downstreaming investments amounting to Rp 147.5 trillion. Rosan said this achievement increased compared to the previous average of 24–25% of total investments. He is confident that downstreaming investments will remain stable in the coming years.
Rosan said that at the same time, the government is building an electric vehicle battery ecosystem. “And we may want to continue enhancing it,” he stated. Thus, Indonesia will eventually have a complete electric battery ecosystem from upstream to downstream. “From nickel mining to battery production, battery cells, and even battery recycling, we already have that in Indonesia now. Therefore, investments will proceed well,” he said.
Rosan stated that current downstreaming investments are still focused on minerals. Downstreaming investments in minerals reached Rp 98.3 trillion over the first three months of this year. Nickel is the main commodity contributing to investments, valued at Rp 41.5 trillion.
He is committed to diversifying to encourage investments in plantations and fisheries. For the plantation sector, Rosan mentioned an increase in palm oil. Downstreaming investments in palm oil reached Rp 18.3 trillion during the first quarter of this year.
He assessed that, in terms of value, plantation downstreaming investments are still small compared to minerals. However, Rosan stated that the potential for job absorption from plantation downstreaming investments is relatively higher than mineral projects.
In addition to plantations, Rosan is encouraging growth in fisheries downstreaming investments, which reached Rp 1.7 trillion in the first quarter. He said that the Ministry of Marine Affairs and Fisheries is committed to refining investment policies to increase the flow of capital investments.