ASIATODAY.ID, JAKARTA – More than 30 leading Russian companies are opening doors to investment cooperation with Indonesia at the Indonesia-Russia Business Forum, held in Jakarta on Monday, April 14. This event marks a significant step in strengthening bilateral economic relations between Indonesia and Russia, highlighting strategic sectors such as digital technology, food production, industrial equipment, and energy.
The forum was organized through a collaboration between the Indonesian Chamber of Commerce and Industry (KADIN) and the Roscongress Foundation, under the umbrella of Roscongress International, as a concrete initiative to enhance trade and investment partnerships between the two countries.
During the plenary session themed “Russia-Indonesia Strategy of Partnership”, Coordinating Minister for Economic Affairs of the Republic of Indonesia, Airlangga Hartarto, emphasized the importance of practical cooperation between business actors from both nations.
“The collaboration between KADIN Indonesia and the Roscongress Foundation is key to delivering real solutions that meet the needs of businesses in both countries,” Airlangga said.
Meanwhile, First Deputy Prime Minister of the Russian Federation, Denis Manturov, expressed optimism about strengthening partnerships in strategic sectors such as agriculture and energy. He also highlighted the importance of expediting the free trade agreement between Indonesia and the Eurasian Economic Union (EAEU).
Special Economic Zones and Downstream Industry as Investment Magnets
Airlangga also highlighted the role of Special Economic Zones (SEZs) as a driving force for national investment. Indonesia currently manages 25 SEZs across the country, including Industrial, Tourism, Digital, and Aero Technic SEZs.
“These SEZs are equipped with various incentives and facilities, and are expected to become new hubs of economic growth throughout Indonesia,” he explained.
The government also reaffirmed its commitment to the industrial downstream policy, particularly in key commodities such as nickel, copper, bauxite, palm oil, and petrochemicals, with the aim of increasing domestic added value and reducing reliance on raw material exports.
In addition to the real sector, digital transformation is also a central agenda. Indonesia’s digital economy is projected to reach nearly USD 1 trillion by 2030, while the ASEAN digital economy could grow to USD 2 trillion under the Digital Economy Framework Agreement (DEFA).
Minister Airlangga stated that Russia and Indonesia have significant potential to cooperate in cyber technology, tourism, education, and healthcare.
“We are also looking to increase the number of Indonesian students studying in Russia and enhance technology transfers,” he added.
Concrete Agreements in Energy and Manufacturing Sectors
The forum is expected to result in meaningful business-to-business (B2B) agreements and expand market access. Key cooperation areas include renewable energy, advanced technology, and modern manufacturing.
“This forum should serve as a momentum to pave the way for real investments that will generate long-term benefits for both countries,” Airlangga concluded. (AT Network)
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