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Coordinating Minister for Maritime Affairs and Investment, Luhut B. Pandjaitan met with Chairman of the National Development and Reform Commission (NDRC) Zheng Shanjie in Beijing, (Photo : Kemenkomarves) - 

VOInews, Beijing : Coordinating Minister for Maritime Affairs and Investment, Luhut B. Pandjaitan met with Chairman of the National Development and Reform Commission (NDRC) Zheng Shanjie in Beijing on Wednesday (12/6/2024).

Coordinating Minister Luhut said that Indonesia was highly committed to realizing the energy transition and building a renewable energy industry. In this way, Coordinating Minister Luhut hopes that the NDRC will support the battery project in the Buli industrial area.

"I hope that NDRC can support the collaboration between CBL (a joint venture of CATL, Brunp, and Lygend) and IBC (Indonesia Battery Corporation) for the production of battery materials projects and battery recycling projects in the Buli industrial area, North Maluku," he said.

Apart from the Buli industrial area, Coordinating Minister Luhut also touched on the North Kalimantan industrial area. This area will be a game changer and a model of cooperation for developing countries. The Indonesian government has adjusted regulations to ensure safe collateral for raw materials for petrochemical projects.

"I hope Mr. Zheng can support the implementation of this North Kalimantan industrial area. "Apart from that, we continue to support Chinese investors who will build glass factories (PV Glass) in Indonesia, including North Kalimantan," he added.

Another collaboration is the export of Indonesian Durian to China. The NDRC team has visited North Sumatra and Central Sulawesi which have great potential.

After this, Coordinating Minister Luhut will have a meeting with the General Administration of Customs of China (GACC) to encourage the Import of Durian Protocol.

Coordinating Minister Luhut also stated that on the sidelines of the 10th World Water Forum on 20 May 2024 in Bali, the LoI Global Blended Finance Alliance (GBFA) had been signed which could support Indonesia-China blended finance cooperation in various fields.

According to a release received by Voice of Indonesia on Wednesday (12/06/24), Shanghai and Hong Kong can become centers for blended finance in China and collaborate with international organizations that support South-South Cooperation. China Development Bank is a partner of Tri Hita Karana which plays an important role in pioneering blended finance//VOI