Tokyo: Japanese shipbuilder Tsuneishi Holdings plans to invest $40m to run a shiprepair business in Indonesia, and will subsequently consider further investments in the shipbuilding business.
“We see a big potential to develop Indonesia’s shipping industry. We’ve estimated that around 3,293 ships will require repair services each year,” Tsuneishi’s chairman and president Yasuharu Fushimi said.
Indonesia is offering five locations Lampung, Lamongan, Surabaya, Makassar and Manado to the Japanese for investment, according to Indonesia Investment Coordinating Board (BKPM) chief Franky Sibarani.
BKPM is marketing an investment promotion roadshow in Osaka, Tokyo and Nagoya this week