Indonesian govt banks on Batang special economic zone as Jokowi lauds area’s opportunity to attract investment

Moving forward: Jokowi (right) with Hyundai Motor Group executive chairman Chung Eui-sun at the PT Hyundai LG Indonesia plant in West Java. LG’s battery precursor smelter is in North Maluku, the cathodes in Batang and the battery production in Karawang. — AFP

JAKARTA: Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan says the government has decided to designate the Batang Integrated Industrial Zone (KITB) as a special economic zone (SEZ).

That status means the KITB is set to benefit from certain incentives reserved for SEZs.