GE to pump up to USD1 bn into Indonesia

 27-Oct-15, GE Reports ASEAN

GE plans to invest up to USD1 billion in the power, oil and gas, and healthcare sectors to support Indonesia's accelerated economic growth.

In the healthcare sector, GE will align with Indonesia's objective of providing universal healthcare by supporting the expansion of the country's primary healthcare ecosystem, including the development of up to 100 primary care clinics through technology and training innovations.

Image: GE

Mr John Rice, vice chairman, said, "GE's spending over the next five years will target critical areas important to the economy... Through this investment, we hope to expand our local business operations significantly, in a way that we believe will lead to a multiplier effect on the economy."

The country has made significant progress in the health sector over the last decade but there is still much to be done. The ratio of hospital beds to every 1,000 people is only 0.9 compared with Brazil at 2.3 and Vietnam at 2. The new government has committed to increasing access to the primary care market. With the introduction of new health scheme Jaminan Kesehatan Nasional (JKN), the government is providing universal health care to its 247 million citizens by 2019. The system will cost $15 billion a year – about 15% of the government’s budget.

Given the importance of healthcare for the country, GE relocated the headquarters of its healthcare business in ASEAN to Jakarta earlier this year.

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