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Indonesia to ‘recalibrate’ policies to attract foreign EV makers, finance minister says
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Indonesia holds a quarter of the world’s nickel reserves – one of the main raw materials used to make EV batteries.
PHOTO: NYTIMES
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JAKARTA - Indonesia is looking to recalibrate policies and leverage its existing strengths to attract foreign electric vehicle (EV) manufacturers to set up shop in the country, Finance Minister Sri Mulyani Indrawati said.
But while more tax incentives are among the items being dangled to attract foreign investment, there are no plans to have a veritable fire sale to give the sector a boost, she told The Straits Times.
