Русский
Russia’s Chetra LLC, part of the Tractor Plants Group (KTZ), plans to localize equipment production in Indonesia, the company has stated, following Chetra and the Indonesian company PT Minang Jordanindo signing a memorandum of cooperation at the Innoprom 2026 international industrial exhibition. According to the document, the parties will jointly develop a roadmap for localizing production, outlining timelines, investment volumes, and required incentives.
The manufactured equipment could be positioned as an Indonesian product, created using Russian technologies and Chetra’s manufacturing experience.
Chetra stated that “This partnership envisages a phased technology transfer over 10 years, similar to the special investment contract model used in Russia.” The company supplies industrial and municipal equipment, as well as spare parts under its own brand. In addition, the company acts as an exclusive distributor and supplies spare parts and components under the ChAZ brand, producing parts for running systems and wear-resistant elements for industrial, agricultural, logging, and construction equipment.
PT Minang Jordanindo are business facilitators who assist foreign investors’ development strategies in Indonesia. The agreement comes just a day after the Russian and Indonesian trade and industry ministers also signed a bilateral cooperation agreement.
Russia’s Trade and Industry Minister Anton Alikhanov said yesterday that Russian participation in the construction of Indonesia’s new capital could be one of the avenues of industrial cooperation between Russia and Jakarta, with Alikhanov suggesting that “we see potential for Russian businesses to participate in infrastructure projects, including as part of the creation of Indonesia’s new capital, Nusantara. The scale of the planned work presumes substantial investment in transport, energy, and utility infrastructure over the coming decades. Our companies will also gladly offer their technology and experience for construction and modernization of such facilities, including railway infrastructure.” Construction of Nusantara began in 2022 and is expected to be completed by 2045.
Mutual trade between Russia and Indonesia amounted to US$4.8 billion in 2025, having grown by 11.6% over the previous year. Indonesia is a full member of BRICS and has a free trade agreement with Russia via the Eurasian Economic Union. Its economy is expected to grow by about 5% in 2026 and continue stronger than average global growth during much of the 2030s.
