China, Taiwan Eye Investments in Central Java

TEMPO.CO, Jakarta – The Investment Coordinating Board’s (BKPM) investment marketing team has recorded that a number of would-be investors from China and Taiwan were eying investments in Central Java, particularly in the labor-intensive sector.

“The availability of vast lands, skilled workers and competitive salaries have become Central Java’s main appeals to become the right place to develop labor-intensive industries,” BKPM chief Franky Sibarani said in a release on Tuesday.

In a bid to seize the opportunities, the BKPM and the Central Java government have agreed to establish a synergy to step up investments in the sector, among them by maximizing the coordination between them to lure potential investors.

“From investment promotion facilities, permit processing at the One Stop Integrated Service (PTSP) to incentive facilities, all will be supported by the BKPM,” he said.

Separately, Central Java Governor Ganjar Pranowo said his province was set to receive investments in the labor-intensive sector, explaining that his administration had established cooperation for training involving vocational schools and industrial corporations in Central Java.

According to the BKPM’s data, the country had seen increased investments in the past five years, yet investments in Central Java in 2014 only reached 80.5 percent from the targeted Rp18.6 trillion.

This year, Central Java is expected to absorb investments worth Rp27.7 trillion aside from the banking and mainstream mining sectors. 

ANTARA