Jakarta. Indonesian business conglomerate Astra Group is seeing huge potential in the healthcare and infrastructure sectors as the company ramps up its investments.

Speaking at a press conference, Astra’s corporate investor relations head Tira Ardianti briefed reporters on the company’s long-term investment strategy. According to Tira, the company eyes sectors that have high growth potential that is also in line with Indonesia’s economic development. 

“The healthcare sector has excellent growth potential, and that’s why we focus on it,” Tira said at the so-called Astra Media Day at the company’s headquarters in Jakarta on Tuesday.

To date, Astra has invested up to Rp 8.6 trillion or approximately $516.7 million in the healthcare sector, ranging from telemedicine, hospitals, health insurance, and medical equipment. Astra also now holds a 20 percent stake in the hospital chain Medialoka Hermina (HEAL). The group’s stake in healthcare tech company Halodoc has also risen from 21 percent to 31 percent.

“This is part of our efforts to build a healthcare ecosystem that can reach a wider community with better and more affordable services,” Tira said.

Astra aIso sees huge potential in the infrastructure business, with Tira saying that “toll roads support connectivity that will ultimately contribute to economic growth”. The group currently manages 8 toll road concessions that span a whopping 396 kilometers.

Astra’s heavy equipment business United Tractors is also eyeing sectors beyond coal.

“We have invested in non-coal sectors, in particular renewable energy, as this is part of our long-term strategy,” Tira said.

Astra’s corporate communications head Windy Riswantyo said that the Astra Media Day was part of the company’s commitment to build a transparent and sustainable communication with the media.

“About 68 years have passed, and Astra has transformed from a simple trading company into a business entity with a diversified portfolio across seven main lines. … Through this event, we hope  we can provide a more comprehensive understanding of our business journey in supporting economic growth,” Windy said.