Industryweek 3764 Ge Logo Final 0
Industryweek 3764 Ge Logo Final 0
Industryweek 3764 Ge Logo Final 0
Industryweek 3764 Ge Logo Final 0
Industryweek 3764 Ge Logo Final 0

GE Pursuing Growth Opportunities in Indonesia

Feb. 20, 2013
GE is the latest in a string of major firms turning to invest and expand in the country of 240 million people, where a fast-growing middle class has driven domestic demand and fuelled strong growth.

JAKARTA -- General Electric (IW 500/5) said Wednesday it planned to invest more than $300 million over five years to develop new technologies in Indonesia, one of the world's fastest growing economies.

The company will work with the country's state utilities company PLN, oil firm Pertamina, national airline Garuda Indonesia and train operator Kereta Api Indonesia to develop products and a training centre, GE Indonesia spokeswoman Ariavita Purnama said.

The projects will include technological developments in rural healthcare, biomass power plants and locomotive development, Purnama said.

GE's CEO Jeff Immelt said the company had seen "extraordinary growth" in Indonesia in the past two years, "in tandem with the country's accelerated growth path to build more infrastructure".

"We see a great opportunity to support the country in energy and health infrastructure technology development and developing its human resources for sustainable economic growth," he said.

GE is the latest in a string of major firms turning to invest and expand in the country of 240 million people, where a fast-growing middle class has driven domestic demand and fuelled strong growth.

Southeast Asia's top economy, which has for years enjoyed above six percent growth, has put improvements to its poor infrastructure high on the agenda as it aims to break into the world's top 10 economies by 2025.

Copyright Agence France-Presse, 2013

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

How Manufacturers Can Optimize Operations with Weather Intelligence

Nov. 2, 2023
The bad news? Severe weather has emerged as one of the biggest threats to continuity and safety in manufacturing. The good news? The intelligence solutions that build weather ...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!