News - Givaudan Invests IDR 1.1 Trillion in New Flavor Manufacturing Facility in Cikarang, Creating Hundreds of Job Opportunit

Givaudan Invests IDR 1.1 Trillion in New Flavor Manufacturing Facility in Cikarang, Creating Hundreds of Job Opportunit

Jul, 06 2026

Swiss multinational company Givaudan has officially inaugurated its newest flavor manufacturing facility in Cikarang, West Java, marking a significant strategic milestone and reaffirming the company's long-term commitment to Indonesia's growing market.

The large-scale flavor production facility is expected to make a substantial contribution to the local economy, particularly through job creation. The new plant is projected to generate hundreds of employment opportunities over the coming years.

Givaudan's decision to expand its manufacturing footprint in Indonesia reflects the country's strategic importance within the company's global business network. Indonesia has become one of Givaudan's most important markets and continues to play a vital role in its regional operations.

The significance of the Indonesian market was emphasized by Givaudan Chief Executive Officer (CEO), Christian Stammkoetter, who highlighted the company's longstanding presence in the country.

"Indonesia has become one of our most vital markets after nearly six decades of operating in the country," said Christian Stammkoetter.

The inauguration of the new facility marks another important milestone for Givaudan, which has been serving Indonesia's food and beverage industry for almost 60 years.

The company's investment of IDR 1.1 trillion demonstrates its confidence in the growing demand for flavor products across Southeast Asia. Equipped with advanced manufacturing technologies, the new facility is designed to enhance production capacity while improving operational efficiency.

The creation of hundreds of new local jobs is expected to contribute to reducing unemployment in Cikarang and its surrounding areas, in line with Givaudan's commitment to growing together with local communities.

According to TREN.BISNISMARKET.COM, the expansion is expected to further strengthen Givaudan's position as a leading provider of flavor and fragrance ingredients across the region.

[SOURCE]

Minister of Communication and Information Invites Investors to Make Indonesia an AI Investment Destination

Jakarta (ANTARA) - Minister of Communication and Information (Menkominfo) Budi Arie Setiadi invited investors in the Technology, Information and Communication (ICT) sector to make Indonesia an investment destination for the development of artificial intelligence (AI). He conveyed this based on data that ASEAN continues to experience positive growth in the opportunities for AI's contribution to the regional economy, which in 2020 reached 1 billion US dollars, increasing to 11 billion US dollars in 2022. “Private investment destinations in the AI sector are still dominated by the United States, China and the United Kingdom. (Even though) the digital sector also continues to grow rapidly in the ASEAN region with the investment value in the ICT sector increasing," said Budi in Tangerang, Banten, Friday. While opening himself up to foreign investors investing capital for the development of AI in Indonesia, Budi also invited players in the national digital technology ecosystem to take the opportunity to develop AI as an innovation and solution. Budi said that the potential of AI is increasingly promising with the opportunity for competitive AI startup investment value to reach 1 trillion US dollars in ASEAN GDP by 2030. Meanwhile in Indonesia, the digital sector has succeeded in attracting approximately 22 billion US dollars of investment in 2023. "The market potential is also predicted to reach 210 billion to 360 billion US dollars in 2030, dominated by the e-commerce, online travel, transportation and food industries, as well as online media. The figure for AI's contribution to the Indonesian economy in 2030 is predicted to reach 366 billion US dollars. "This sector will be Indonesia's economic growth in the future," he said. The Minister of Communication and Information explained that this potential shows AI as emerging technologies or technology that is developing and increasingly trusted in various sectors. “As many as 73 percent of the 700 global AI developers believe that AI will be adopted by their organizations in the next two years. "AI is also trusted to provide solutions for various sectors in developing countries, such as in the fields of education, health, public and finance, as well as labor," he said. He also believes that efforts to create digital equality can also be bridged by AI, which is said to be an accelerator in the digital space. Acceleration of access to digital services using AI, said Budi, can occur through providing access to better information and public services, especially in rural or other remote areas. "Apart from that, AI also has the opportunity to increase economic productivity through automation and innovation, so that MSMEs are able to compete in the digital era," he said. Even so, he did not forget to mention that there are still several challenges in AI development that need to be watched out for and solutions sought so that Indonesia can become the right country for AI investment destinations by investors. One of them is uneven infrastructure development and limited funding which hinders internet penetration as a foundation for AI development. "Apart from that, the lack of transfer of knowledge from AI developing countries also limits the development of AI governance in a country," said Minister Budi. (SOURCE)

Oct, 01 2024

Want to Develop Investment Potential in West Java SPADE Consultancy Singapore make an Investment Review

Photo of SPADE Consultancy with DPMPTSP of West Java. Monday 02-24-2020 DPMPTSP, Bandung. West Java have an infrastructure readiness and easy licensing that made investors interested in investing in West Java. One of them is SPADE Consultancy Singapore, who on Monday 24 February 2020 visited the DPMPTSP of West Java. SPADE Consultancy is a financial advisory company and company headquartered in Singapore. They operate on a global scale, focusing on emerging markets in Asia and Africa.The purpose of the visit is to find out about investment projects in West Java "The purpose of coming to West Java is to explore opportunities to invest in the country," said Lynn Lin as Managing Director of SPADE Consultancy. Meeting between SPADE Consultancy and DPMPTSP of West Java. Monday 02-24-2020The meeting was held in the Anggrek Room of the DPMPTSP of West Java was also attended by representatives of several Investment Projects were then discussed at this meeting. Including Al-Ihsan Hospital, BIBJ and PT. Perkebunan Nusantara VIII, then respectively explaining what could be offered to investors.Expectancy in the future with this meeting is the creation of an investment relationship between SPADE Consultancy with the province of West Java "We hope to have an investment partner like province and government, I can see that West Java is very popular area, especially for opportunities like the hospitals that we can develop," said Managing Director of SPADE Consultancy

Apr, 23 2020

Infrastructure Issues Potentially Hamper Investment in Bandung Regency

RADARBANDUNG.ID, SOREANG – The Bandung Regency Government has been reminded to be aware of infrastructure issues that could hamper investment opportunities in 2026. This warning was delivered by Pasundan University Economic Observer, Acuviarta Kartabi, who believes that future challenges to the regional economy will only increase if not addressed early. Acuviarta stated that shifting budget priorities at the national level could directly impact the region's ability to attract investment, especially if infrastructure development and maintenance are not optimized. "There are many challenges next year, especially related to shifts in the national budget. Large budgets must be optimized to have a positive impact on the region," Acuviarta said on Tuesday (January 6). According to him, several priority programs of the central government, such as Free Nutritious Meals, the Red and White Village Cooperative (KDMP), and infrastructure development, must be managed with careful planning to ensure maximum impact on the regional economy. He emphasized that if the allocation of ministry and agency spending to the regions does not align with local needs, investment opportunities that should grow will actually be hampered. "The budget that enters the regions mostly comes from ministries and institutions. Hopefully, this budget is aligned with regional priorities to support economic growth," he said. In addition to budget planning issues, Acuviarta also highlighted the slow realization of regional spending, which is a serious warning for the Bandung Regency Government. The pattern of budget absorption piling up at the end of the year, coupled with weather factors, can hinder optimal infrastructure development. "If budget absorption piles up at the end of the year, especially with weather factors, work may not be optimal, and the potential for unused infrastructure is also significant," he said. He said this situation risks reducing investor confidence, especially in sectors that depend on the readiness of basic infrastructure. Regarding economic growth, Acuviarta emphasized the importance of Bandung Regency recording growth above 5.5 percent so that the impact can be felt by the community and send a positive signal to the business world. "If it remains below 5.5 percent, the economic condition will not change much. I hope next year it can reach 5.5 to 6 percent to increase household consumption and purchasing power," he said. He also noted the slowdown in the residential construction sector as an indicator that warrants close attention. This sector plays a crucial role in supporting economic activity and infrastructure development. "Without improved budget management and accelerated infrastructure development, Bandung Regency risks losing investment momentum amidst increasingly fierce inter-regional competition," he added. [SOURCE]

Jan, 08 2026

Minister of Investment is Committed to Equal Distribution of Investment in Eastern Indonesia

Jakarta (ANTARA) - Minister of Investment/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani is committed to continuing to distribute quality and sustainable investment in the Eastern Indonesia region. "The point is why we give more special appreciation to Eastern Indonesia, because if you look at the distribution of investment, previously investment was more concentrated in Java, then Sumatra, Kalimantan and Sulawesi. We want to give special attention to the Eastern part, so that "They can also attract quality and sustainable investment," said Rosan at the 2024 Investment Services Award press conference in Jakarta, Monday. In the 2024 Investment Service Award event which was held in Jakarta on Monday, the winners of the 2024 Investment Service Award for the Special Category for Eastern Indonesia were won by the Ambon City Government, the Merauke Regency Government and the Papua Provincial Government. Rosan said that the 2024 Investment Services Award was an event that always received attention from the international world. "So that's also what we want to convey, that equality is important for us. That's why we are paying special attention to Eastern Indonesia," he said. On the same occasion, Deputy Minister of Investment/Deputy Head of BKPM Yuliot said that the investment potential in Eastern Indonesia was extraordinary. Natural resources are generally found in Eastern Indonesia, and in general the potential for Eastern Indonesia is quite large. "So we are encouraging regions in Eastern Indonesia to be given opportunities. If we make existing standards, for example Eastern Indonesia and Java Island, then of course in terms of services and existing infrastructure, there is a gap between Eastern Indonesia and Western Indonesia. Of course "We see that with our special categorization, this encourages Eastern Indonesia to provide better services to investors," said Yuliot. For the sectors currently being pursued is downstreaming, in fact many investments related to downstreaming are located in Eastern Indonesia. "We see in Morowali, in the North Maluku region, in Papua, there are a lot of large-scale investment activities flowing and having a tremendous impact on our economy," said Yuliot. (SOURCE)

Oct, 01 2024

Purwakarta's 2025 Investment Exceeds Target to IDR 12.4 Trillion, Ranking in the Top Five in West Java

KORAN-PIKIRAN RAKYAT – Purwakarta Regent Saepul Bahri Binzein stated that the investment value entering his region in 2025 exceeded the target of IDR 11.2 trillion. This achievement even placed Purwakarta among the top five regions with the highest investment in West Java. "Of the 2025 investment target of IDR 11.2 trillion, the realization reached IDR 12.4 trillion. This is the result of hard work from all parties, which has resulted in Purwakarta being among the top five in terms of investment realization in West Java Province," he said on Monday, February 2, 2026. The Purwakarta Regency Investment and One-Stop Integrated Services Office noted that current investment is still dominated by domestic investment, amounting to IDR 9.58 trillion. The remainder comes from foreign investment, amounting to around IDR 2.89 trillion. The Regent is optimistic that this investment will create jobs for the local community. Therefore, this achievement is expected to address the unemployment problem in Purwakarta, which is estimated to currently reach 35,000 people. After securing investors, the Regent also emphasized the importance of company transparency in the workforce recruitment process, particularly regarding the required human resource competencies, so that local residents can be prepared to fill these needs. "Tell the community, village heads, and sub-district heads what competencies the industry requires. From now on, the community can start training and preparing themselves," said Binzein. Interchange He also conveyed this during the signing of a cooperation agreement with PT Megatama Putra Sejahtera (MPS) last week. He explained that the collaboration between the Purwakarta Regency Government and the company relates to the construction of the Campaka Interchange. The toll gate is planned to open at kilometers 77+800 of the Cikopo-Palimanan (Cipali) Toll Road. Binzein stated that the Campaka Interchange is projected to become the main access to the new industrial area in Purwakarta Regency, a 350-hectare industrial area to be developed by PT MPS in Campaka District. The development of this industrial area is believed to be able to drive significant economic growth and increase investment realization by 2026. "I am confident that with this industrial area, investment realization in 2026 will exceed IDR 12.4 trillion," he said. Meanwhile, PT MPS Director Djatikesumo Subagio considered the construction of the Cipali Toll Road Interchange a visionary step. Its presence is believed to improve inter-regional connectivity and accelerate development in the region. The new toll road access is also expected to create new opportunities for other investors. Furthermore, it will boost productive sectors, such as industry and logistics, which will have easier access. "We view collaboration between the local government and the business world as the key to sustainable, measurable development that provides broad benefits to the community," he said. He hopes that the construction of the Campaka Interchange will not only facilitate transportation flow but also become a driver of economic growth, job creation, and increased regional competitiveness. [SOURCE]

Feb, 04 2026

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