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Meet President Jokowi, SoftBank Conveys the Intention to Add Investment of 3 Billion Dollars



President Jokowi, accompanied by a number of ministers, received a delegation from SoftBank, Japan, at Merdeka Palace, Jakarta, Monday (7/19) morning. (Photo: Rahmat / Humas)

President Joko Widodo (Jokowi) accompanied by a number of ministers received a SoftBank delegation, a conglomerate based in Tokyo, Japan, led by its CEO Masayoshi Son, at Merdeka Palace, Jakarta, Monday (29/7) morning.

After a meeting with reporters Masayoshi explained, SoftBank had invested in Indonesia amounting to 2 billion US dollars, and planned to add another new investment of 2 billion US dollars.

According to Masayoshi, an additional investment of 2 billion US dollars will be given to Grab and several other companies. One of them, for the construction of Grab’s head office in Indonesia.

“We will make Grab head office in Indonesia, and also invest 2 billion US dollars through Grab. But we will invest more in Indonesia, “explained Masayoshi.

In addition, SoftBank also plans to invest more in unicorns, and is also ambitious to create more unicorns in Indonesia. The focus is on developing artificial intelligence (AI) like Tokopedia.

“Tokopedia is already 1% of Indonesia’s GDP and more and more electronic commerce means it’s better for the economy and we create more jobs,” Masayoshi explained.

Electric Car Ecosystem

While Coordinating Minister of Maritime Affairs Luhut B. Pandjaitan explained, now SoftBank has invested 2 billion US dollars, which will be added by 2 billion US dollars, and in front of President Jokowi Masayoshi said it might add another 1 billion dollars.

“So maybe 5 billion US dollars in the next 3 years,” explained Luhut.

According to Luhut, SoftBank wants more investment in Indonesia, especially things related to electricity, such as lithium batteries and several other platforms for electric car infrastructure.

“He also gave an interest to invest in renewable energy such as solar wind, biothermal,” continued Luhut.

The Coordinating Minister of Maritime Affairs’ statement was justified by SoftBank CEO Masayoshi Son, who was interested in investing in the fields of electric vehicles, batteries and charging systems. “We will invest in the ecosystem,” he said.

Coordinating Minister for Maritime Affairs Luhut B. Pandjaitan stressed that the ecosystem will be built, starting from the construction of lithium batteries to motorbikes, buses, to the electric vehicle, to the charging station. “So the ecosystem is all,” he said.

For the initial stage, according to Luhut, Jakarta will be used as a pilot project, and is targeted to be completed within 3 (three) years.

Accompanying President Jokowi when receiving the SoftBank delegation was Coordinating Minister for Maritime Affairs Luhut B. Pandjaitan, Minister of State Secretary Pratikno, Secretary of State Pramono Anung, and Head of BKPM Thomas Lembong.

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