Jokowi Launches New Phase of Industrial Park in Bid to Lure Investors Away from China

INVESTMENT - JAKARTA. Indonesian President Joko Widodo on Friday launched the second phase of an industrial complex in Central Java intended to attract investors looking to diversify their supply chains away from China.

Batang industrial park already hosts nearly 20 companies in 10% of its total area of 4,300 hectares, including South Korea's LG Energy Solution and glass maker KCC Glass, and they have started construction or have pledged to build factories there.