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BKPM: Italian Firm to Invest $20 Million in Indonesia

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7 June 2016 09:02 WIB

Franky Sibarani (left), Head of the Investment Coordinating Board (BKPM) and Azhar Lubis, Deputy Head of Investment Control Implementation (Right). ANTARA FOTO

TEMPO.CO, Jakarta-The Investment Coordinating Board (BKPM) said an Italian company that produces raw materials for carpets has expressed its interest to invest in Indonesia and has prepared US$20 million (roughly Rp278 billion).

“The interest to invest is positive because the company is subsumed into one of BKPM’s priority sectors, namely export-oriented industry whereby 100 percent of the products will be exported to Australia and New Zealand,” he said.

Franky said the potential investor is currently mulling several options for investment location, among others, West Java, Banten and Surabaya, adding that the company has expressed its plan to visit Indonesia in July.

Nurul Ichwan, an official of BKPM Representative Office Investment Promotion in London, said his side will coordinate with Indonesian representatives in Italy and its European marketing officer to meet the company’s CEO with the Indonesian government and private sector.

“After the visit, the company is planned to apply for principal license to the BKPM’s One-Door Integrated Service (PTSP),” he noted.

Nurul added that aside from Italy, the company also operates in other seven countries, namely Germany, England, Croatia, Slovenia, the United States, China and Thailand.

Moreover, Nurul said the company that was founded in 1969 has two main business unit, namely filament for textile floorings and filament for garments.

ANTARA



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