Thursday, 18 February 2016

Indonesia turns to manufacturing

At a factory surrounded by towering steel mills on the west side of Indonesia's Java island, German engineering giant Siemens is ramping up production of steam condensers, turbines and other specialist parts to fit out power stations across the world. The plant, a small repair shop 30 years ago but now covering the area of six soccer pitches, is a rare manufacturing success that Indonesian President Joko Widodo needs more of, as he tries to spur economic growth in the resource-rich archipelago amid tumbling commodity prices. In pursuit of that goal, Widodo last week liberalised dozens of sectors of the economy in what one minister called the biggest opening to foreign investors for 10 years.



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