Indonesia Eximbank Supports INKA's New Zealand Exports with US$8.5 Million

The Indonesia Eximbank has decided to provide US$8.5 million in financing support for the export contract signed between state-owned railway manufacturer PT Industri Kereta Api (INKA) and New Zealand. This support aims to facilitate the export of railway vehicles manufactured by INKA to New Zealand and enhance the company's competitiveness in the international market. The Indonesia Eximbank plays a crucial role in supporting the international expansion of domestic manufacturing industries, and this measure is part of that effort. INKA has a long track record in railway vehicle manufacturing within Indonesia and has been actively pursuing export market expansion in recent years. The export to New Zealand marks a significant milestone in the company's global endeavors. With this financing support, INKA will be able to streamline its export-related funding and accelerate project execution. This is expected to contribute to the improvement of Indonesia's manufacturing sector's international competitiveness and foreign exchange earnings through exports. The Indonesia Eximbank intends to continue contributing to Indonesia's economic growth by supporting domestic industries' exports. Source: Antara News (English)