Indonesian Political, Business & Finance News

Government Pledges Full Support for Existing Investors as Lenovo Launches TKDN-Compliant Products in Batam

| Source: GALERT
Deputy Minister of Investment and Downstreaming/Deputy Head of the Investment Coordinating Board (BKPM), Todotua Pasaribu, said that the initiative is part of the government's strategy to provide full facilities and support to existing investors, not merely to attract new investment. According to him, the government will ensure that investments already in place receive the backing needed to grow and remain sustainable.

"We are giving serious attention to investors who have demonstrated a positive impact on the economy, particularly in the regions where they operate," he said in an official statement on Thursday, 1 May 2025.

Most recently, Todotua attended the launch of PT Lenovo Indonesia's latest products that have met Local Content Requirements (TKDN) in Batam. The new products include the Lenovo K14 Gen 3 and ThinkCentre Neo 50a Gen 5, which were officially unveiled.

"On this occasion, we appreciate the collaboration between PT Sat Nusapersada and Lenovo Indonesia in manufacturing two new products in Indonesia whilst meeting TKDN regulations. It is hoped that this collaboration will enhance the empowerment of domestic industry," said Todotua.

Lenovo Indonesia is a multinational technology company operating in more than 60 countries and selling its products in approximately 180 countries. Lenovo sells and manufactures various electronic goods in Indonesia, including PCs/notebooks, smart home devices, and data centre products. Since 2019, PT Lenovo Indonesia has partnered with PT Sat Nusapersada (Tbk) in its product development.

Batam, as part of Riau Islands Province (Kepri), has long been a magnet for manufacturing sector investment, particularly in electronics. Total realised investment in Riau Islands Province during the first quarter of 2025 reached Rp13.22 trillion, ranking 12th by location. Of this total, Domestic Direct Investment (PMDN) reached Rp3.69 trillion across 5,001 projects, whilst Foreign Direct Investment (PMA) contributed US$595.65 million across 2,126 projects.
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