Investors urged to support RI development
Investors urged to support RI development
CILEGON, West Java (JP): President Soeharto has urged foreign
investors to support Indonesia's policies in national development
while they are doing businesses in Indonesia.
"We do indeed open our door for foreign investments but we
expect them to nurture Indonesia's spirit, orientation and
destination in its development," Soeharto said at the inaugural
ceremony of the country's first olefin plant in Cilegon, West
Java, yesterday.
The olefin plant, established with an investment of US$1.9
billion by PT Chandra Asri Petrochemical Center, a foreign
investment company, has been designed to produce ethylene,
propylene, polyethylene and pyrolysis gasoline -- basic chemical
materials for the production of plastics and textile fibers.
Yesterday's ceremony was attended by First Lady Tien Soeharto,
Minister of Industry Tunky Ariwibowo, Minister/State Secretary
Moerdiono, Minister of Investment/Chairman of Investment Planning
Board Sanyoto Sastrowardoyo, the company's president, Prajogo
Pangestu, and chief commissioner Bambang Trihatmodjo.
Soeharto said that it is common for every country in the world
to welcome foreign investors willing to do business in their
country, but they are supposed to understand and support the
nation's spirit and idealism.
Talking about Indonesia's industrialization process, Soeharto
said that it must be intensified, expanded and continued further,
by improving the quality of human resources, capitalizing, to the
maximum, natural resources, which are at the country' disposal,
and raising technological skills.
"For this purpose, our industry must have a deeper, stronger
foundation and a higher technological content, in order to
produce goods with greater value-added and that have a strong
competitive edge," he said.
When talking about cooperation among small, medium and large
scale enterprises, Soeharto said that all national economic
players must behave with mutual understanding and in cooperation,
to develop prosperity for all.
"Together, large, medium and small companies should become a
chain that gains strength, support and benefit from each other,"
said Soeharto.
After the ceremony, the President and his entourage signed the
first bag of polyethylene produced by Chandra Asri. (alx/kod)