“We’ve received an overwhelming response from Indonesian companies so far," Matrade's Suresh Kumar said.
JAKARTA: The Malaysia External Trade Development Corp’s (Matrade) latest export-acceleration mission to Indonesia has garnered a positive response from the republic’s industry players.
Matrade trade commissioner for Jakarta, Suresh Kumar R. Palasanthiran, said that 43 Indonesian construction companies have registered for business-to-business (B2B) meetings with their Malaysian counterparts.
The 45-person Malaysian delegation for the four-day mission ending today included representatives from Matrade, the Works Ministry, Invest Selangor Bhd, 24 companies and government departments.
The mission’s objective was to explore potential business prospects through strategic partnerships and joint ventures with a focus on projects in Indonesia’s planned new capital Nusantara in Kalimantan and other infrastructure initiatives across various provinces.
“We’ve received an overwhelming response from Indonesian companies so far.
“We hope to achieve something concrete for deals such as a government housing or a rail infrastructure project.
“We’re optimistic that by the end of this mission, there will be something positive that can be reported,” Suresh Kumar told reporters.
Meanwhile, Suresh Kumar said the environmental, social and governance (ESG) agenda has become a significant framework for evaluating and reporting on the sustainability and ethical impact of a business or industry.
He said ESG implementation in the construction sector is crucial because the construction industry is the catalyst for any country’s physical and economic development.
Through the various networking opportunities arranged during the mission, Suresh said Malaysian companies could form strategic partnerships with Indonesian counterparts to enter the country’s construction industry worth an estimated 333 trillion rupiah in 2023.
Suresh Kumar invited Indonesian agencies and companies to explore partnerships and alliances with their Malaysian counterparts, leveraging each other’s core competencies. — Bernama
