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Economy

Indonesia holds talks with US to lure companies from China

But lower labor costs fail to woo tech giants like Apple away from Vietnam

Indonesian President Joko Widodo, left, is seeking to lure U.S. companies looking to diversify production from China. (Nikkei Montage/Source photo by AP and Reuters) 

JAKARTA -- Indonesia is in talks with the U.S. government over the possible relocation of American companies operating in China to the archipelago, as businesses and governments worldwide look at ways to diversify production in response to supply chain disruptions caused by the coronavirus.

Luhut Panjaitan, Indonesia's coordinating minister for maritime affairs and investment, said his government is offering slots to U.S. businesses in industrial parks. These include the Kendal industrial park in Central Java, a special economic zone with tax incentives.

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