Business Sweden Asia-Pacific

SISP is a government-to-government initiative aimed at collaboration, with Sweden committed to providing technical solutions, expertise, and companies to Indonesia in support of Agenda 2030 and the Sustainable Development Goals (SDGs). Additionally, it serves as a platform for Swedish companies to leverage Team Sweden to promote their products and services in Indonesia. In 2024, there are five priority areas under the SISP initiative: • SISP Urban Transport: This initiative aims to collaborate with the Indonesian Ministry of Transport to introduce Swedish solutions relevant to the development of electric vehicles and smart public transportation systems. • SISP Sustainable Mining Alliance: This initiative aims to collaborate with the Indonesian Ministry of Energy and Mineral Resources to support the growth and sustainability of Indonesia's mining industry by implementing relevant Swedish technologies. • SISP Renewable Energy Alliance: This initiative aims to collaborate with the Indonesian Ministry of Energy and Mineral Resources to expedite the transition towards green energy in Indonesia. • SISP Healthcare Programme: This initiative aims to collaborate with the Indonesian Ministry of Health to accelerate the advancement of healthcare services in Indonesia, particularly in the areas of cancer treatment, critical emergency response, maternal and child health, and diabetes. • SISP Industry 4.0 Alliance: This initiative aims to collaborate with the Indonesian Ministry of Industry in order to enhance the competitiveness of Indonesia's manufacturing industries through the introduction of digital technologies. #TeamSweden #SISP #Sweden #SwedishEmbassyJakarta #SustainableFuture #FocusAsia #BusinessSweden #Indonesia

As the fourth largest country by population, Indonesia offers numerous business opportunities. Here’s some of the most interesting ones: • Jakarta BRT Electrification: The DKI Jakarta provincial government has mandated that Transjakarta, as the bus operator, electrify its entire fleet of 10,047 buses by 2030. This includes 88 MW of bus charging infrastructure, which consists of transformer step-down units, MV panels, LV panels, and controllers. • Nusantara Super Grid & Fossil Free Development: The state electricity company PLN plans to create a 50,000 km transmission network to support Indonesia’s transition to renewable energy through the so-called Nusantara Super Grid. This initiative aims to accelerate renewable energy investment and achieve the target of a 23% renewable energy mix by 2025. • Indonesia Sustainable Mining: The Indonesian government has committed 60 Billion USD for infrastructure development by 2024, including in the mining sector. This investment includes upgrades in digitalization, automation, and other initiatives aimed at boosting the industry’s efficiency and competitiveness. • Indonesia Healthcare Development: The Ministry of Health has allocated approximately 11.5 Billion USD for 2024 (5.6% of the total state budget) to achieve a healthy and strong Indonesia Golden Generation by 2045. #FocusAsia #BusinessSweden #JakartaBRT #NusantaraSuperGrid #SustainableMining #Healthcare #Indonesia

On 22 October 2024, a new presidential administration has taken office in Indonesia and will be responsible to govern the country for the next five years. Are you excited about it? Let’s learn a little bit on the new Indonesian president and vice president! • President Prabowo Subianto: Prabowo is the incumbent Minister of Defence since 2019. He is also the chairman of Gerindra Party and a businessman. Prior to his political and business career, he was an army general and had held various important positions, including the head of Special Forces Command (Kopassus). During his stint as the Minister of Defence, Prabowo had been instrumental in finalising deals for various advanced weapon systems to replace Indonesia’s aging military equipment, such as 42 Dassault Rafale multirole fighters from France and Type 31 frigates from the United Kingdom. • Vice President (VP) Gibran Rakabuming Raka: Gibran is a former mayor of Surakarta, Central Java (2021-24). He is the eldest son of the incumbent president Joko Widodo. He is also an entrepreneur in the food service and catering industry. He is currently an independent. As a presidential republic, the president is simultaneously the head of state and the head of government of the country. So, what are the priorities of the new administration? Check it out on the below image to see some of the interesting points! #NewPresident #Indonesia #Investment #EconomicRecovery #BilateralRelations #Opportunities #Challenges #FocusAsia #BusinessSweden

The manufacturing sector is large in Indonesia and stands for ~20% of the economy. There is a big interest to modernize the manufacturing through digitalization, efficiency measures, creating business opportunities for Swedish companies says Erik Odar, Trade & Invest Commissioner to Indonesia at Business Sweden. You will find concreate business opportunities in Indonesia here: https://brnw.ch/21wOdr0 #Indonesia #FocusAsia #APAC #AsiaPacific #GrowGlobalSales

The Indonesian EV industry is one of the most rapidly growing in the region: • Abundance of raw material for battery production: Indonesia was the world’s largest producer of nickel in 2023, with a total production of 1.36 Mllion tonnes, accounting for 40% of global production. The country also has the world’s largest nickel reserves. Nickel is a key component in NMC (nickel manganese cobalt) lithium-ion batteries.  • Government incentives for EV manufacturers: The government provides multiple incentives for EV manufacturers to produce and/or assemble their cars in Indonesia, including a reduction in sales VAT from 11 percent to 1 percent, exemption from import duty for CKD kits, and luxury tax, provided that the manufactured product achieves more than 40 percent local content. These incentives can also apply to imported products while manufacturers are building factories in the country.  In the past few years, Indonesia has attracted significant foreign investments in its nickel industry, primarily focused on electric battery production creating opportunities for Swedish companies in the electric vehicle value chain. #FocusAsia #BusinessSweden #MarketInsight #GreenTransition #EV #ElectricCar #Battery #Indonesia

International Mining and Resources Conference (IMARC) is almost here, happening from October 29-31 at the ICC Sydney! This year’s program will cover key themes shaping the future of mining, including sustainability, digital transformation, decarbonization, critical minerals, and ESG (Environmental, Social, and Governance) strategies. Business Sweden is proud to partner with IMARC and will be attending the conference together with the Embassy of Sweden in Canberra as part of Team Sweden. Come visit Team Sweden at IMARC while discovering groundbreaking advancements from Swedish companies such as ABB and Hexagon Manufacturing Intelligence at the forefront of these transformations, as they showcase their leadership in automation, electrification, and sustainable resource management. Whether you’re looking to connect with industry leaders, explore the latest technologies, or discuss strategies for reducing emissions in mining, this is your opportunity. For more details contact Gabriella Possati. Let’s collaborate to drive the next wave of innovation and build a sustainable future for the mining industry! #IMARC2024 #SustainableMining #GreenTransition #DigitalTransformation #CriticalMinerals #ESG

Why should you expand to the Indonesian market? Let's delve into five key market insights that make Indonesia an intriguing market for Swedish businesses: • Rapidly growing economy: According to the Asian Development Bank (ADB) analysis, Indonesia will achieve a relatively high growth of 5 percent in 2024, better than China (4,8 percent) and neighbouring peer economies of Thailand (2,6 percent) and Malaysia (4,6 percent). • Explosive expansion of consumer class: by 2030, Indonesia is expected to add more than 75 million people in its middle class, which will make it the fourth largest consumer market with 130 million people. • Strong government support towards the Industry 4.0 development: The government has announced its roadmap to promote Industry 4.0 in the Indonesian manufacturing sector through an initiative called Making Indonesia 4.0, particularly in the food and beverages, textile and fashion, chemical, electronics, and automotive industries, which can open very interesting opportunities for Swedish high-tech industrial solution providers. • Strong focus on the EV industry: Among manufacturing industries, the electric industry in particular has enjoyed a recent boom due to strong government incentives policy and growing market acceptance of electric vehicles, which drives global players to establish assembly and/or manufacturing operations for electric vehicles and associated components, including batteries. • Wide opportunities from the Nusantara New Capital megaproject: Indonesia is currently working on the Nusantara new capital megaproject, which is developed according to the smart city concept. As the city is being developed from scratch, this initiative can open enormous opportunities for a wide range of Swedish companies, including in the renewable energy, water, waste management, smart transportation, and sustainable building sectors. The rapid expansion of the Indonesian industrial capacity open various exciting business opportunities that can create value for Swedish businesses. Contact Business Sweden in Indonesia to learn more: Erik Odar, Robin David Agné, Firman Ardiansyah, Nofilia Kiki, Aryusamalia Ardy, Fuad Hasan, Kumala CHANDRA, Julian Christoffer Rustani, Aldo Billy Setiawan #Indonesia #MarketInsights #BusinessOpportunities #SwedishCompanies #Investment #Sustainability #FocusAsia #BusinessSweden

On 3 October 2024, Business Sweden in Thailand hosted the Thai-Swedish Sustainable Water Forum in conjunction with the SX Sustainability Expo at the Queen Sirikit National Convention Center (QSNCC). The Thai-Swedish Sustainable Water Forum aims to engage Swedish experts as part of Team Sweden, to inspire, share knowledge, and support Thailand in developing and implementing sustainable water and wastewater management strategies. The forum featured a talk on “Transforming Thailand: Water Stewardship for Sustainable Urbanization” by Mr. Piyapong Khemkhao from the Metropolitan Waterworks Authority and Dr. Pathan Banjongproo from the Water Quality Management Office, Department of Drainage and Sewerage, Bangkok Metropolitan Administration. They shared insights on the Thai landscape of water and wastewater management, future plans, and the challenges they are facing. This was followed by a talk from Swedish experts on “Pioneering Sustainable Water Management for Future Prosperity” from the SEI — Stockholm Environment Institute, Axis Communications, and Truxor Wetland Equipment AB. Our experts highlighted the importance of taking action now and shared success stories of water and wastewater management using Swedish technologies and innovation. The talks ended with a panel discussion on "Accelerating the Transition to Sustainable Water Management: Challenges and Opportunities" featuring Thai and Swedish experts. The panel emphasized the importance of collaborations between public, private, and international counterparts. The forum concluded with a networking luncheon where nearly 100 attendees networked and shared ideas, highlighting the essential collaboration between Thailand and Sweden that will drive the success of achieving Thailand’s sustainability goals. We extend a big thank you to our partners and speakers for their valuable contributions that have enabled constructive dialogues and a successful event: Metropolitan Waterworks Authority, Bangkok Metropolitan Administration, SEI — Stockholm Environment Institute, Axis Communications, and Truxor Wetland Equipment AB. For more information about Trade promotion activities and business opportunities in Thailand, please reach out to our Business Sweden team in Bangkok: Kacper Pierzynowski | Pongsatorn Nammon Chanwong | Patcharee Yodpratum | Supakrit S. | Sten Lindmark

China’s focus on carbon neutrality presents opportunities, but navigating its complex regulations requires aligning with national priorities and partnering with local firms. The European Union, United States, and China are leading the global green transition, each offering distinct opportunities for businesses. This report provides Swedish companies with key insights to navigate these markets and capitalise on growth. Download the report here: https://brnw.ch/21wO8tp #FocusAsia #BusinessSweden

From 21-23 October, 2024 - The Swedish Pavilion at the Green Economy Forum and Exhibition (GEFE) 2024 has successfully been organised by the Embassy of Sweden and Business Sweden in Vietnam. This event connected Vietnamese leaders with Swedish companies, offering a platform to explore valuable partnerships that can enhance Vietnam’s green initiatives. Focusing on renewable energy, reducing emissions, the circular economy, and new technologies, the Pavilion aimed at helping Vietnam strengthen its global position and attract investment. Speaking at the launch ceremony of the Pavilion, Swedish Ambassador Johan Ndisi stated, "The Swedish Pavilion shows our dedication to sustainability. We want to inspire deeper collaboration between Sweden and Vietnam for a greener future." Team Sweden in Vietnam also launched the "Sweden-Vietnam Business Footprint," highlighting the strong partnership between the two countries and the contributions of Swedish companies in Vietnam. The soft copy can be downloaded here: https://brnw.ch/21wO7D0 “The Swedish Pavilion is more than just an exhibition; it’s a space for collaboration to support Vietnam’s green transition, featuring key leading companies such as Atlas Copco, Ecolean, Ericsson, H&M, Hitachi Energy, Husqvarna Group, and Trelleborg Sealing Solutions - all committed to promoting sustainable practices for shared success.” - concluded by Ambassador Johan Ndisi. To connect with the exhibitor companies or for other related enquiries, kindly contact Huyen Quan. #Vietnam #GEFE2024 #sustainability #green #manufacturing #packaging #telecommunication #energy #textile #forest #industry