Jokowi, because the president is usually recognized, stated firms have invested 14 trillion rupiah ($860 million) up to now.
Now one other 400 hectares will likely be provided for buyers to will create manufacturing jobs, Jokowi stated.
“We now have to open as many roles as attainable for our individuals,” he stated.
Corporations investing within the Batang park can get tax breaks for imports of equipment, based on tax guidelines on industrial parks.
LG Power Answer will begin producing cathode in September, a vital part for electrical automobile batteries, Jokowi stated.
He beforehand stated the corporate would construct a $2.4 billion manufacturing unit within the Batang park to provide 220,000 tonnes of precursor and 42,000 tonnes of cathode per yr.
That would offer the primary uncooked materials for its deliberate 200 gigawatt-hours battery cell plant within the industrial city of Karawang in West Java, value $3.6 billion, he stated.
($1 = 16,285.0000 rupiah)
(By Stanley Widianto and Stefanno Sulaiman; Modifying by Ros Russell)