Bahlil: Indonesia's Industrial Downstreaming Needs US$545.3 Bln

Investment Minister/Investment Coordinating Board (BKPM) head Bahlil Lahadalia offers Indonesia's industrial downstreaming effort to global investors during the 2023 World Economic Forum (WEF) in Davos, Switzerland, on Wednesday. The minister assured Indonesia's commitment to creating added value through green energy and various industrial downstreaming projects. "Indonesia will be the only country in Southeast Asia focusing on adding the commodity value in its own home. It has been started and is currently in progress. We invite investors to come with their technologies, capital, and part of their markets. Moreover, we have been tasked by the president to ensure prompt permit granting for investors," Lahadalia said.

Meanwhile, Pertamina president director Nicke Widyawati also assured that the company would keep supporting the initiative by providing the required infrastructure for the electric vehicle (EV) ecosystem and achieving net-zero emissions. She also asked developing and developed countries to work together to realize the energy transition. "Our greatest challenges in the energy transition are the financing, technology, and human resources. Global cooperation and real actions between countries are the keys to accelerating the energy transition," she said.