More Chinese companies looking to manufacture in Indonesia: OCBC

[JAKARTA] Chinese companies are increasingly looking to set up their manufacturing operations in Indonesia, instead of just exporting and distributing their products in the South-east Asian nation.

While Indonesia has remained attractive for its stable domestic economy, local policy shifts and the need to diversify supply chains are driving Chinese investments into the country, said Martin Widjaja, wholesale banking director at OCBC Indonesia.

Widjaja was speaking on the sidelines of the bank’s One Connect Forum held in Jakarta from Aug 26 to 27. The forum – currently in its third iteration – is where the bank brings its Chinese customers to Indonesia to meet potential partners and discuss expansion plans.