Govt Hopes Industrial Zones to Attract Rp250 Trillion Investment

Translator

Editor

Kamis, 1 Januari 1970 07:00 WIB

Industry Minister, Airlangga Hartarto when meeting with Commission VI House of Representative in parliament, Jakarta, Nov. 28, 2016. TEMPO/Dhemas Reviyanto

TEMPO.CO, Jakarta - Industry Minister Airlangga Hartarto said the government hopes that 13 industrial zones in the country are expected to attract Rp250.7 trillion worth of investment in 2018.


"The government has provided improved investment facilities in the industrial zones, among others, through fiscal and non fiscal incentives and the formation of task forces to make available gas supply, electricity, water, land, spatial plan and others," Airlangga said in Jakarta on Sunday.


The 13 industrial zones are the Morowali in Central Sulawesi, the Sei Mangkei in North Sumatra, the Bantaeng in South Sulawesi, the JIIPE Gresik in East Java, the Kendal in Central Java and the Wilmar in Serang, Banten.


Others are the Dumai in Riau, the Konawe in Southeast Sulawesi, the KEK Palu in Sulawesi Tengah, the KEK Bitung in North Sulawesi, the KI Ketapang of West Kalimantan, the KEK of Lhokseumawe in Aceh, and the KI Tanjung Buton of Riau.


Hartarto said the government will conduct a roadshow to potential investors so that investors would know Indonesia and its regulations hoping that it would also improve the investment climate.


The minister said his ministry had facilitated the development of a number integrated industrial zones to support the investors to develop their businesses in Indonesia.


Hartarto revealed that in total amount, the manufacturing sector this year reached Rp352 trillion.


The Ministry of Industry noted that non-oil and gas processing industry exports until November of 2017 amounted to 114.67 billion US dollars, up 14.25 percent compared to the same period in 2016 of about 100.36 billion US dollars.


The export of non-oil and gas processing industry contributed up to 74.51 percent of total national exports until November 2017 which reached 153.90 billion US dollars.


To boost exports, ease of market access is required. In this case, the government continues to negotiate to agree on comprehensive economic cooperation agreements with Europe, the United States and Australia.


If the barriers are reduced, such as export duty, our textile and footwear industry performance will go up, "he said.



ANTARA




Related News

5 Major China-Indonesia Projects in Jokowi's Era

10 jam lalu

5 Major China-Indonesia Projects in Jokowi's Era

China and Indonesia's economic partnership is progressively deepening and entering a golden age under the leadership of Indonesian President Jokoqi.

Read More

Jokowi Aims for Indonesia to Join OECD in 3 Years

16 jam lalu

Jokowi Aims for Indonesia to Join OECD in 3 Years

The Indonesian government led by President Jokowi has set a target for the country to attain membership in the OECD within the next three years.

Read More

Jokowi Says OECD Membership Will Open Access to Investment

2 hari lalu

Jokowi Says OECD Membership Will Open Access to Investment

Indonesian President Joko Jokowi Widodo pinned hopes that Indonesia will soon be accepted as a member of the OECD.

Read More

Indonesia Invites Turkish Entrepreneurs to Invest More in the Country

3 hari lalu

Indonesia Invites Turkish Entrepreneurs to Invest More in the Country

The Coordinating Ministry for Economic Affairs invited around 150 Turkish entrepreneurs to increase investment in Indonesia.

Read More

Indonesia and Kazakhstan Commit to Finalize Negotiation on Bilateral Investment Treaty

3 hari lalu

Indonesia and Kazakhstan Commit to Finalize Negotiation on Bilateral Investment Treaty

Indonesia and Kazakhstan are committed to finalizing the Cooperation Agreement on Promotion and Mutual Protection of Investments.

Read More

Celios: Mining License for Religious Organizations Poses Economic, Environmental Risks

4 hari lalu

Celios: Mining License for Religious Organizations Poses Economic, Environmental Risks

Center of Economic & Law Studies (Celios) says several economic & environmental impacts would result from religious organizations' mining management.

Read More

Indonesia's North Kalimantan Actively Offering Maritime Investment

9 hari lalu

Indonesia's North Kalimantan Actively Offering Maritime Investment

Indonesia's North Kalimantan provincial government is actively offering investment opportunities to local and foreign investors to invest.

Read More

CIMB Niaga Partners with Principal Indonesia to Launch USD-Denominated Sharia-Based Equity Fund

9 hari lalu

CIMB Niaga Partners with Principal Indonesia to Launch USD-Denominated Sharia-Based Equity Fund

CIMB Niaga in partnership with PT Principal Asset Management or Principal Indonesia launched the Principal Islamic ASEAN Equity Syariah Mutual Fund.

Read More

Amazon to Spend Nearly $9bn to Expand Cloud Infra in Singapore

9 hari lalu

Amazon to Spend Nearly $9bn to Expand Cloud Infra in Singapore

Amazon.com (AMZN.O) plans to spend S$12 billion ($8.88 billion) over the next four years to expand its cloud computing infrastructure in Singapore,

Read More

Luhut Reveals Updates on Tesla's Investment Plan in Indonesia

10 hari lalu

Luhut Reveals Updates on Tesla's Investment Plan in Indonesia

Indonesian Coordinating Minister Luhut Binsar Pandjaitan disclosed the latest updates on Tesla's investment plans in Indonesia.

Read More