Illustration (Photo:Medcom.id)
Illustration (Photo:Medcom.id)

Nestle to Invest US$200 Million in Indonesia: BKPM Head

English Media Group Konvergensi MGN Media Group News Summit Indonesia 2021
Eko Nordiansyah • 27 January 2021 17:02
Jakarta: Investment Coordinating Board (BKPM) Head Bahlil Lahadalia has revealed that Nestle will invest US$200 million (IDR2.8 trillion) in Indonesia.
 
"I recently met with Nestle. They want to invest US$200 million and expand its business here. They plan to conduct the groundbreaking ceremony of its fourth plant here next month," said Bahil virtually during the Media Group News (MGN) Summit: Indonesia 2021 on Wednesday.
 
"We will always support investors in our food industry," he stated.

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On Tuesday, Indonesia Investment Coordinating Board (BKPM) has published the investment realization data for October – December 2020 (fourth quarter of 2020) that reached IDR214.7 trillion or increased by 3,1% compared to the same period in 2019. 
 
Based on that achievement, the realization of Domestic Direct Investment (DDI) recorded IDR103.6 trillion or equal to 48.3% of the total investment realization.
 
Meanwhile, IDR111.1 trillion of Foreign Direct Investment (FDI) has contributed 51.7% of the total achievement.
 
Moreover, the Indonesian labors absorption within this period reached 294.780 labors.
 
Cumulatively, throughout the January - December 2020, Indonesia's investment realization performance reached IDR 826.3 trillion or equal to 101.1% of 2020’s investment realization target (IDR 817.2 trillion), consist of IDR 412.8 trillion (49.9%) of FDI and IDR 413.5 trillion (50.1%) of DDI. 
 
That performance successfully absorbed 1,156,361 Indonesian labors from 153.349 investment projects.
 
(WAH)
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