Taiwan investors eye Medan

Taiwan investors eye Medan

JAKARTA (JP): Fifty-five entrepreneurs from Taiwan announced here yesterday they will do a feasibility study on investing in Medan, North Sumatra.

US$10 million has been allocated by the Taiwanese government to cover the cost.

William Y. L. Shih of Sunsino Development Associate Inc., said at the business meeting between the Taiwanese trade and investment delegates and Indonesian executives that the funding for the feasibility study might be increased.

He said the Taiwanese delegates were representatives of small and medium scale enterprises in textiles, electronic goods, automotive spare parts, chemical materials and recreation facilities.

Sugihono Kadarisman, deputy chairman of the Investment Coordinating Board, acknowledged that Medan interests Taiwanese entrepreneurs because it has a market access to the triangle of growth involving Singapore, Johor of Malaysia and Riau of Indonesia.

He also said the government is suggesting that Taiwanese entrepreneurs establish investment projects in Lampung, southern Sumatra. (32)