Govt Sets Investment Target at Rp519.5tn
20 January 2015 13:16 WIB
TEMPO.CO, Jakarta - The Investment Coordinating Board (BKPM) said the government is setting an target investment of Rp519.5 trillion this year, up 14 percent from 2014's Rp450 trillion achievement. "Java is still the biggest contributor to investment," said BPKM chief Franky Sibarani in a special interview with Tempo last weekend.
Foreign investment is expected to contribute the largest share of up to Rp343.7 trillion, while domestic investment is expected to contribute Rp175.8 trillion.
"For investments in Java, the target is Rp282.6 trillion. The rest is expected to come from outside Java," said Franky.
Ahmad Erani Yustika, executive director of the Institute for Development of Economics and Finance (Indef), said the target is very reasonable when lined with expectations of an economic growth that is supported by the government's plan of infrastructure development. There is also the government's bid to improve domestic licensing and business climate, which "makes Indonesia is prospective for investors."
Ahmad said sectors that will attract investors this year include infrastructure, maritime, agriculture, energy and other natural resources. Labor-intensive industries, said Ahmad, will also become an investment magnet.
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