The Indonesian government invited several players in the technology industry from China to invest in Indonesia during the "Indonesia Technology Investment Summit 2024" event in Jakarta on Monday (20/5). Various tax incentives and legal certainty have been prepared to facilitate the entry of such investments. "With rapid technological advancements and market growth, I believe Indonesia is one of the attractive markets for investment," said Rizki Triana Putri, Deputy Director of the Electronic Development Program and Information and Communication Technology (ICT) at the Indonesian Ministry of Industry, addressing representatives of hundreds of Chinese technology companies.
She also mentioned that investors in the electronics and technology sectors would benefit from tax reductions such as tax holidays, tax allowances, and exemptions from import duties for raw materials and capital goods required for investment. The government, she said, is ready to provide super deduction tax incentives for research and development activities. Additionally, the Indonesian government supports investment facilitation through the development of supporting infrastructure as well as legal certainty and investment security to enhance technological capabilities and self-research and development. The "Indonesia Technology Investment Summit 2024" serves as a forum for meeting between players in the technology sector from China and Indonesia to discuss industry developments and investment opportunities. The event, organized by consulting firm Shan Hai Map, was attended by over 400 representatives from companies, mostly from China, including Tencent and DTG travel.
