Kendal Industrial Park, located in Central Java is open for investment to companies interested in expanding into Indonesia.
A Joint Venture between PT Jababeka Tbk and Sembawang Corporation, Kendal Industrial Park offers a variety of options for prospective investors, ranging from developed land plots, ready-to-use standard factory buildings, office space, shop houses and warehouses.
In the release, Juliani Kusumaningrum, Head of Marketing & Sales of Kendal Industrial Park, said:
“The development of phase one of Kendal Industrial Park covers an area of 1,000 hectares, whereas phase two will cover 1,200 hectares.”
Currently, 58 companies have joined Kendal Industrial Park from a variety of industries; including F&B, furniture, fashion garments and textile, apparel, shoes, bags, and buttons.
Amongst these companies, local investors are in the majority contributing to 65%, followed by China with 25% and the rest 10% from Malaysia, Singapore, Korea, and Japan.
Furthermore, given Kendal Industrial Park’s status as a Special Economic Zone for Industrial Development, investors can benefit from a series of tax, fiscal, customs and other incentives.
Kendal Industrial Park even provides a one-stop solution to investors, which includes assisting with obtaining the necessary licenses, company establishment, and finding the workforce.
“Companies do not need to spend a lot of time managing the administration so that the company can focus on the business and start operations quickly,” said Juliani.
Additionally, another major advantage is the low minimum wages level in Central Java, which currently stands at just under IDR 2.1 million per month, less than half of that compared the industrial area in Karawang – West Java with just over IDR 4.2 million per month.
On top of that, Kendal Industrial Park is also supported by top notch infrastructure and excellent facilities as it is a national strategic project of the Government of Indonesia. This comes with a guarantee from the Government on the availability of infrastructure to support industrial activities, such as the Trans Java Toll road, port development and electricity availability.
Juliani commented: “Central Java is now a logistics hub because of its complete facilities, infrastructure and supply chain. This is one of the reasons why entrepreneurs and companies are interested in its expansion in Kendal Industrial Park.”