Mining Sector Dominates BKPM Investment Plans
4 March 2015 13:58 WIB
TEMPO.CO, Jakarta - The Investment Coordinating Board (BKPM) noted that the value of investment plans per February 2015 reached US$43 billion. Most of the investment goes to the downstream sector of mining and oil-gas commodities, with a value of US$29.8 billion. The second biggest investment plan is allocated for the import substitution sector with US$8.5 billion in value.
Of the total number, serious investment accounted for US$2.7 billion, of which US$1.27 billion comes from labor-intensive industries, US$216 million from agriculture downstream, US$10 million from electricity and US$ 1.16 billion from import substitution.
To help actualize the investment plans, the government will continue to oversee the entire investment plan.
The government pegged actual investment target at Rp3,500 trillion over the next five years. "That number is twice of the realization in the previous five years," said Himawan Hariyoga, BKPM's deputy for investment promotion, yesterday. To achieve these targets, the agency must be able to bring Rp5,800 trillion in investment until 2019.
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