Indonesia Welcomes the $10 Billion Foxconn Factory

Terry Gou, chairman of Hon Hai Precision Industry, a Taiwanese manufacturing company which widely known as Foxconn, has met Susilo Bambang Yudhoyono some time ago to discuss the plan of Foxconn’s investment in Indonesia.

In its statement, Foxconn confirms the company’s plan to build a factory in Indonesia, but at the same time also stated that for the time being, there is no final decision has been made, yet.

Currently, Foxconn undergoes feasibility test for a year. The company is also working on a detailed and specific investment plan. For Foxconn, its presence in Indonesia is in order to produce affordable quality product.

Sofjan Wanandi, Chairman of Asosiasi Pengusaha Indonesia (Apindo) - Indonesia Entrepreneurs Association, who also had the chance to meet with Terry Gou, reveals his hope that Foxconn’s plan will be realized. Because, the investment value that planned is huge, reaching USD10 billion. According to Sofjan, Foxconn is planning to build an industrial town.

For that purpose, Foxconn will require 1,000 acres of land and at least 1000 engineers to join in the factory. Minister of Industry, M.S. Hidayat says that this will profit Indonesia because there will be more Indonesian workers to work in high-tech related industry. Moreover, Foxconn has stated its preparedness to transfer said high-tech related knowledge.

Indonesian government prepares the land which Foxconn required outside Java including the infrastructure needed by the factory. It is not known if Foxconn has agreed with this proposal, because as previously rumored, Foxconn hopes to build its factory in Central or East Java.