Giti Tire Announces US$ 1 Million Grant to Support Blue Economy in Indonesia
Giti Tire announced a US$ 1 million grant to support the blue economy strategy in Indonesia. This grant has generated an additional anonymous matching gift of US$1 million, these grants will be allocated to a new Indonesian foundation, Konservasi Indonesia, which has been working with the national and provincial governments and several local marine communities to sustain marine and fisheries resources. The grant fund will support the development of innovative blended-finance mechanisms and marine protected areas that will provide long-lasting benefits for the nation's economy, food security, and biodiversity.
With three-quarters of its territory at sea, oceans are vital for the Indonesian economy and welfare. Indonesia’s marine biodiversity is unparalleled and stored in Indonesia’s mangrove and seagrass are significant amounts of blue carbon. The Government of Indonesia has been leading on a blue economy strategy that includes promoting local livelihoods and protecting marine and coastal ecosystems protection and restoration.
“We appreciate the support from Giti Tire and other partners to realize the Government’s ambitious blue economy vision in Indonesia. Our ocean ecosystems throughout the vast archipelago underpin the country’s economy, livelihoods, and food security. There are emerging opportunities for value creation that is linked with marine protection”, said Meizani Irmadhiany Executive Chair of Konservasi Indonesia.
Executive Chairman of Giti Tire Company Dr. Enki Tan said that achieving a blue economy requires effective partnerships at multiple levels, including private sector leadership. He said that Giti has significant operations in Indonesia, and the Giti Group is thrilled to support this effort as part of its commitment to the natural environment.
"With its roots in Indonesia going back more than 70 years, Giti Tire funds conservation and sustainable development projects and has worked with environmental organizations to preserve Indonesia's critical ecosystems. We are excited to work with Konservasi Indonesia and other partners in the country to realize a blue economy strategy that will benefit the Indonesian people", said Dr. Tan.
About Giti Tire
Giti Tire Group (headquartered in Singapore) has roots in the tire business going back to 1951. Giti Tire produces a broad range of tire products, serving major original equipment vehicle manufacturers, auto-service outlets, motorsports teams, tire dealers, and consumers in more than 130 countries worldwide. The company has eight production centers in three countries, including a newly opened tire factory in South Carolina, USA. In addition, Giti Tire is strongly committed to supporting community and environmental causes, including its long-standing partnership with Conservation International.
About Konservasi Indonesia
Konservasi Indonesia is a national foundation that supports the sustainable development and protection of critical ecosystems in Indonesia. We envision a healthy and prosperous country, where critical landscapes and seascapes are valued and maintained for the long-term benefit of the Indonesian people.