“Indonesia and China have agreed on 16 new investment projects worth a combined $2.19 billion (Rp36.4 trillion), spanning sectors from basic metals and seafood processing to advanced technologies such as drones, batteries, and artificial intelligence.”
“The projects form part of efforts to deepen bilateral industrial cooperation under the Twin Country-Two Park (TCTP) framework, Coordinating Minister for Economic Affairs Airlangga Hartarto said on Monday.”
“The TCTP framework is designed to promote downstream industrial development, facilitate cross-border investment, and integrate Indonesian and Chinese supply chains, particularly in manufacturing and resource-based industries.”
See also: Indonesia Secures US$2.2 Bil Investment Commitments From China Under TCTP
“The entire investment commitment will be channeled into the Batang Industropolis Special Economic Zone (SEZ) in Central Java, inaugurated recently by President Prabowo.”
“The Batang zone, spanning 500 hectares, is projected to become ‘Indonesia’s version of Sichuan’ as a large-scale integrated industrial ecosystem.”
“Beyond Batang, the TCTP partnership also links the Bintan industrial area in Indonesia’s Riau Islands with Fujian in China.”
https://sme.asia/indonesia-secures-us2-2-bil-investment-commitments-from-china-under-tctp/