Food and Beverage Foreign Investments on the Rise, says GAPMMI

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Petir Garda Bhwana

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  • TEMPO.CO, JakartaChairperson of the Indonesian Food and Beverage Association (GAPMMI) Adhi S. Lukman, said that direct foreign investments for the food and beverage sector had grown 14 percent amidst the coronavirus pandemic. 

    The growth was even seen until the third quarter of this year. “What we see is that the need for food and beverage are extremely high. Investors have also grown,” said Adhi in Monday’s virtual discussion.

    He claims that the interest towards this segment had increased after President Joko Widodo ratified the Job Creation Law (UU Cipta Kerja) not long after the House of Representatives (DPR) passed it, which arguably has provided investors with certainty upon doing business.

    “This situation will add to our foreign exchange and added value,” said the GAPMMI chairperson.

    During the virtual event, the Indonesian Chamber of Commerce and Industry (Kadin) chair, Rosan Perkasa Roeslani, claims thousands of US corporations will soon pull out their investment from China and that this must be taken as an opportunity for Indonesia to capitalize on this major business relocation.

    Also Read: Foreign Investment in Decline amid Global Contraction, says BKPM

    FRANCISCA CHRISTY ROSANA