Jakarta. Industry Minister Airlangga Hartarto aims to attract more Japanese investment to Indonesia's industry sector during a visit to Japan on Oct. 16-21, where he is scheduled to meet with business leaders and government officials.
"In 2018, we will celebrate the 60th anniversary of Indonesia-Japan diplomatic ties, so we want to use this momentum to boost our economies together, as we attempt to increase our people's prosperity," Airlangga said, as quoted in a statement issued by the Ministry of Industry on Monday (16/10).
Airlangga will meet representatives from Japan's Fujitrans, Mitsubishi Motors and Sango, as well as officials from Aichi and Ogawa districts, the Nagoya Chamber of Commerce and Industry, and the Japan External Trade Organization (JETRO).
"We are hoping for more collaborations between Indonesian and Japanese businesses, not only to increase competition, but also to complement each other," Airlangga said, adding that his meetings will focus on reaching agreements that will help develop the manufacturing sector.
In 2016, Japanese investment in Indonesia increased by 86 percent from the year prior, reaching $5.4 billion.
There are currently around 1,750 Japanese companies operating in Indonesia, mainly in the manufacturing, infrastructure and services sectors.