LG & Panasonic among 7 companies relocating to Indonesia investing $850million
Seven companies to relocate facilities to Indonesia, invest $850m President Joko “Jokowi” Widodo announced on Tuesday that seven foreign companies had confirmed plans to relocate production facilities to Indonesia, mostly from China, an encouraging signal for the country’s investment climate amid the pandemic. The relocation of factories of the seven companies, which include South Korean industrial conglomerate LG and Japanese electronics giant Panasonic, is estimated to brin