BIO Market News
The Indonesian government said it is ready to implement the environmentally friendly vehicles system or introduce the low cost green car (LCGC) by inviting foreign automotive investors.
“Indonesia is ready to implement the LCGC (low cost green car) system, and is expected to invite foreign investors to come and get involved in the green car scheme,” Budi Darmadi, the Director General of Industry Leading Technology-Based at the Ministry of Industry, said here on Tuesday.
The 1st APEC-AD (Automotive Dialogue) Workshop for the 8th Indonesia International Automotive Conference was held here on Tuesday and the government had invited a number of stakeholders to discuss the environmentally friendly cars program.
The event was attended by a number of automobile related institutions and vehicle associations from various countries, namely Japan, South Korea, China, Thailand, India and the United States.
The Chairman of the Association for Indonesian Automotive Manufacturers Association (Gaikindo) Jongkie Sugiarto said that the Indonesian market was open to the idea of an environmentally friendly cars program, because domestic car sales` growth could surpass a million units per year.
“Sales reaching more than one million per year could stimulate the Indonesian market,” he said.
The 1st APEC-AD Workshop event themed, “Green Car Development Facilitation” is an Indonesian International Automotive Conference support activity, which is also a part of the 2013 Indonesia International Motor Show (IIMS) series, and will run from September 19 to 29 at the JIExpo, Kemayoran, Central Jakarta.