Coordinating Minister Luhut Says Tesla Investments Still Needs Time to Process

A recent Press Release from the office of Luhut Binsar Pandjaitan, the Coordinating Minister for Maritime Affairs and Investment (Menko Marves), announced that Elon Musk was very interested in investing in the nickel industry in Indonesia, which is considered very promising to meet the needs of the electric vehicle ecosystem.

Tesla’s investment plan, however will still require some time to formalise and complete, despite there being no official agreement yet between Indonesia and Tesla, Inc..

Luhut explained that investments of this size and nature require time and patience to finalise, “so that later we can really bring great benefits to the community and the country as we all hope.” He clarified the situation by saying the Coordinating Ministry for Maritime Affairs and Fisheries had established excellent communication for the past two years with both Elon Musk and Tesla.

Since the meeting of the Indonesian delegation at the Tesla electric vehicle assembly plant in Austin, Texas, on April 26, Luhut continued, the Coordinating Ministry for Maritime Affairs and the team from Tesla appointed by Elon have continued to conduct intensive negotiations to formulate various matters related to the detailed investment formula that will be implemented. However, the final decision regarding the investment will rest with the company.

“Tesla’s team is moving really fast. They came to Indonesia earlier this month, visited several nickel processing plants, and we also responded quickly to show our seriousness and support. But what must be remembered, this is still in the negotiation stage, so once again, all must be patient, “he continued.

Meanwhile, during a visit to the SpaceX factory in Boca Chica, Texas some time ago, President Joko Widodo who was accompanied by Coordinating Minister Luhut also said that the talks between Indonesia and Elon Musk would include discussions on investment, technology and innovation.

From the meeting, President Jokowi invited the richest person in the world to come to Indonesia in November to attend The Business 20 or B20 forum, which is an outreach group from the G20 that represents the international business community.

Elon Musk responded to the invitation and said he would visit Indonesia in November.

Source: Coordinating Minister for Maritime Affairs and Investment (Menko Marves)

website (Press Releases)

Latest Article
Eco-Conscious Travel Redefined by Indonesian Travelers
A recent SiteMinder report highlights how Indonesian travelers are leading the way in eco-conscious travel,...
OJK Crypto Regulation 2025: New Oversight Rules Explained
  Starting January 12, 2025, the new OJK Crypto Regulation will officially take effect, marking...
Indonesia to Hold GAMMA World MMA Championship in December
Speaking at a press conference at his office in Jakarta on Tuesday (19/11/24,) Indonesia’s Youth and...
Best Tourism Villages 2024: Jatiluwih & Wukirsari
  Two Indonesian villages, Jatiluwih in Bali and Wukirsari in Yogyakarta, recently achieved global...
Next Year’s VAT Hike Will Shift Consumer Spending
Chair of the Indonesian Retail Entrepreneurs Association (Aprindo), Solihin, anticipates a shift in consumer...

Andrzej Barski

Director of Seven Stones Indonesia

Andrzej is Co-owner/ Founder and Director of Seven Stones Indonesia. He was born in the UK to Polish parents and has been living in Indonesia for more than 33-years. He is a skilled writer, trainer and marketer with a deep understanding of Indonesia and its many cultures after spending many years travelling across the archipelago from North Sumatra to Irian Jaya.

His experience covers Marketing, Branding, Advertising, Publishing, Real Estate and Training for 5-Star Hotels and Resorts in Bali and Jakarta, which has given him a passion for the customer experience. He’s a published author and a regular contributor to local and regional publications. His interests include conservation, eco-conscious initiatives, spirituality and motorcycles. Andrzej speaks English and Indonesian.

Terje H. Nilsen

Director of Seven Stones Indonesia

Terje is from Norway and has been living in Indonesia for over 20-years. He first came to Indonesia as a child and after earning his degree in Business Administration from the University of Agder in Norway, he moved to Indonesia in 1993, where he has worked in leading positions in education and the fitness/ wellness industries all over Indonesia including Jakarta, Banjarmasin, Medan and Bali.

He was Co-owner and CEO of the Paradise Property Group for 10-years and led the company to great success. He is now Co-owner/ Founder and Director of Seven Stones Indonesia offering market entry services for foreign investors, legal advice, sourcing of investments and in particular real estate investments. He has a soft spot for eco-friendly and socially sustainable projects and investments, while his personal business strengths are in property law, tourism trends, macroeconomics, Indonesian government and regulations. His personal interests are in sport, adventure, history and spiritual experiences.

Terje’s leadership, drive and knowledge are recognised across many industries and his unrivalled network of high level contacts in government and business spans the globe. He believes you do good and do well but always in that order. Terje speaks English, Indonesian and Norwegian.

Contact Our Consultants

[wpforms id=”43785″]

Ridwan Jasin Zachrie

CFO of Seven Stones Indonesia, Jakarta

Ridwan is one of Indonesia’s top executives with a long and illustrious career in the financial world. He holds several professional certifications including being a Certified Business Valuer (CBV) issued by the Australian Academy of Finance and Management; Broker-Dealer Representative (WPPE); and The Directorship Certification for Directors and Commissioners, issued by the Indonesian Institute of Commissioners and Directors.

His experience includes being the Managing Director at one of the top investment banking groups in the region, the Recapital Group, the CFO at State-owned enterprises in fishery industry and the CEO at Tanri Abeng & Son Holding. He’s also been an Independent Commissioner in several Financial Service companies and on the Audit and Risk Committee at Bank BTPN Tbk, Berau Coal Energy Tbk, Aetra Air Jakarta as well as working for Citibank, Bank Mandiri and HSBC. His last position was as CFO at PT Citra Putra Mandiri – OSO Group.

Ridwan has won a number of prestigious awards including the Best CFO Awards 2019 (Institute of Certified Management Accountant Australia-Indonesia); Asia Pacific Young Business Leader awarded by Asia 21 Network New York USA (Tokyo 2008); UK Alumni Business Awards 2008 awarded by the British Council; and The Most Inspiring Human Resources Practitioners’ version of Human Capital Magazine 2010.

He’s a member of the Board of Trustees of the Alumni Association of the Faculty of Law, Trisakti University, Co-Founder of the Paramadina Public Policy Institute and actively writes books, publications and articles in the mass media. He co-authored “Korupsi Mengorupsi Indonesia” in 2009, which helps those with an interest in understanding governance in Indonesia and the critical issue of corruption. Ridwan speaks Indonesian and English.

Per Fredrik Ecker

Managing Director of Seven Stones Indonesia, Jakarta

Per is the Managing Director of the Seven Stones Indonesia (SSI) Jakarta office and has more than 25-years’ experience in Indonesia, China, and Western Europe. He previously worked in senior management positions with Q-Free ASA, Siemens AG, and other companies in the telecom sector. Over the last six years, he has been the Chairman of the Indonesia-Norway Business Council (INBC) and recently become elected to be on the board of EuroCham Indonesia.

His most recent experience is within Intelligent Transport Solutions (ITS), Telecom, and other sectors within the Indonesian market. He is today through his position in SSI and by representing Norway Connect, promoting Nordic and European companies that would like to explore business opportunities in the Indonesian market. He’s also playing an active role to help create the Nordic House concept in Jakarta that will provide an excellent platform for Nordic companies entering Indonesia, where they’ll find a community that can offer support with trusted information and affordable services to enter this market.