Indonesia’s tax incentives attracts Chinese investors

 In News section
Want create site? Find Free WordPress Themes and plugins.

Indonesia’s tax incentives attracts Chinese investors

According to the Coordinating Minister of Maritime Affairs Luhut Binsar Pandjaitan, a Chinese company has shown its interest to invest USD 10 billion into several Indonesian regions.

Furthermore, Luhut said that the Chinese company has several business partners in Indonesia and is prepared to develop industries in areas including Morowali, Central Sulawesi, North Halmahera, and North Maluku. According to Luhut, the investment is not part of the 21st century One Belt One Road (OBOR) Initiative China had initiated.

The company is interested in developing the steel and carbon industries together with its local partners. In addition, the company also expressed its plan to develop lithium batteries that would be used to power electricity-based vehicles in Indonesia.

In addition, Luhut said that the Chinese company is interested in investing in Indonesia because of Indonesia’s tax incentives policy for foreign investments that is valued at USD 2.5 billion.

Did you find apk for android? You can find new Free Android Games and apps.
Recommended Posts
Comments
    pingbacks / trackbacks

    Leave a Comment

    Contact Us

    We're not around right now. But you can send us an email and we'll get back to you, asap.

    Not readable? Change text.

    Start typing and press Enter to search