|Wednesday, April 24, 2013
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india indonesia round table

Indonesia has Scope to Capture More India Inc. Investment in Autos, Food, Infrastructure | Insider sector data

India’s companies have yet to make serious inroads into Indonesia but Southeast Asia’s biggest economy has potential to capture more outbound M&A, as rising incomes and more skilled workers boost growth in sectors like food, manufacturing and resources while improvements to the regulatory environment slowly open up a huge potential infrastructure market, Indian government and Full Article

Indonesia to Release LCGC Regulations By End of March

(Insider Stories) - Indonesia will be releasing regulations of the Low Cost Green Car (LCGC) in the next two weeks, industry minister MS Hidayat said on Friday. LCGC producers will enjoy zero percent value added tax, according to the minister. Currently, the government charges 10 percent VAT for goods produced in Indonesia. PT Toyota Astra Full Article

15 Japanese Auto Sparepart Makers Plans to Build Plants in Indonesia

A high level official at the industry ministry said it has received proposals from 15 automotive spare part companies intending to build new factories in the country. Budi Darmadi, a director general at the ministry said the value of the total planned investment is IDR 4 trillion. These sparepart makers will support car assembling facilities Full Article

General Motors to Assemble Chevrolet Spin in Indonesia’s Bekasi

General Motors to assemble Chevrolet Spin, a multi-purpose vehicle type model, in its plant in Bekasi, West Java province of Indonesia, it said in a statement. The US car maker announced in August 2011 that it was reopening its abandoned plant in Bekasi, under 11 hectares of land, which will produce 40,000 units of cars Full Article