Indonesia eyes repositioning for global competition amid pandemic

Jakarta The conditions amid the COVID-19 pandemic have impelled Indonesia to reposition itself and rise amid the global competition, according to State-Owned Enterprises Minister Erick Thohir.

“It is the right time for Indonesia amid the pandemic to reposition itself and rise amid the global competition,” Thohir noted in an official statement received here, Saturday.

One of these opportunities is the development of the battery industry for electric vehicles, especially since Indonesia is the largest nickel producer.

In connection with the electric battery industry, Minister Thohir had earlier held discussions with the coordinating minister for maritime affairs and investment, finance minister, and minister of investment/head of BPKM.

The meeting discussed development of the electric battery ecosystem for electric vehicles, including mines, smelters, batteries, electric cars and motorcycles, and battery recycling, to fiscal and non-fiscal incentives, such as parking lots for electric vehicles.

Minister Thohir remarked that Indonesia must capitalize on the opportunity for transitioning to keep up with the electric vehicle trend, which is estimated to only last from 2023 to 2026, before the demand for electric vehicles peaks in 2030.

Source: ANTARA News

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