The Indonesian government revised the nation's negative investment list and opened the country's cold storage industry for 100.0% ownership to foreign investment without any geographical restriction which is also expected to create a positive impact on the country's cold storage market. The Blueprint for 2025 adopted by ASEAN leaders at 27 th ASEAN Summit in 2015 will help in facilitating the utilization of ASEAN Trade in Goods Agreement and allow liberalization of logistics services across the nations including Indonesia. Additionally, the transit will consist of 2 corridors namely North-South corridor and East-West corridor.Įncouraging trade among ASEAN: The establishment of ASEAN Economic Community in the year 2015 was aimed at improving the trade scenario in the region by freeing up the movement of people and goods across the bloc. The transit is expected to be fully constructed and operational by the year 2027, thereby having a positive impact on the freight forwarding business in the country. The project has a budget of USD 1.7 billion and is aimed at relieving traffic congestion. Increasing Infrastructure Investment: The ongoing and upcoming government projects for improving the logistics infrastructure in Indonesia include setting up of Mass Rapid Transit in Jakarta as well. DHL was observed to launch a new temperature-controlled bonded warehouse in Jakarta region, Indonesia in 2018 which will aid the country's life sciences industry to optimize their supply chains ahead of projected high growth. It is expected to reach full capacity by 2027.
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