Indonusa Dwitama poised for growth in technologies targeting domestic and regional markets
Company maintains a strong portfolio of IT businesses, and has a track record of accomplishments in software development, online marketplace, internet start-ups and system integration
Country Business Reports interviews and articles by Discovery Reports www.discoveryreports.com
Indonesia may have encountered sluggish growth in previous years, but favourable factors, such as the country’s vast and young population, committed structural reforms and the expected upswing in worldwide trade over the long term, point to an optimistic outlook for businesses in the coming years.
With a diverse range of investments in mining, financial services, information technology (IT) and trade operations, Indonesian holding company Indonusa Dwitama is poised for growth. The company’s foray into IT – reflected in a track record of accomplishments in software development, online marketplace, internet start-ups and system integration – offers a glimpse into its forward-thinking business resilience.
“If you look at our history, we don’t just invest – we establish businesses,” says Victor Fungkong, Indonusa’s visionary founder, CEO and chairman. “We are focused on bringing new applicable technologies and initiating fresh tech ideas for domestic and regional markets. We believe Indonesia is the ‘now’ and an ever-growing market, and we would like to apply the right ideas and technologies.”
Apart from its impressive portfolio of mineral reserves in basalt, bauxite ore, gold and oil and gas nationwide, and previous ventures in palm oil refinery and plantation, Indonusa also maintains a strong portfolio of IT businesses. Docotel provides innovative IT services such as web and mobile and IT content development, while Tokopedia is one of Indonesia’s leading online marketplace platforms.
“We have been strategically positioning ourselves at the right place and at the right time,” Fungkong says. “You need to have foresight and a certain idea of where things are going.”
With IT spending forecast to reach US$2.8 trillion globally by 2019, and the Indonesian government focused on improving the country’s IT infrastructure, Indonusa invites partnerships with reliable companies looking to enter the country.
“There’s an African proverb that describes our mindset: If you want to go fast, go alone. If you want to go far, go together,” Fungkong says. “We are always open to future possibilities. Let us create value together.”