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Indonesia Invites Uzbekistan to Invest

13 April 2007 13:00 WIB

TEMPO Interactive, Jakarta: The government is inviting Uzbek entrepreneurs to invest in Indonesia. The investment potentials include food, petrochemical, rubber, palm oil, cocoa, textile and automotive industries. Since 1967 up until last year, Uzbekistan has only invested in one project on the fisheries consultant services. The value of investment only reaches US$200 thousand,' said Deputy of the Coordinating Agency for Capital Investment at the Investment Promotion Division Darmawan Djajusman yesterday (04/12).According to him, the government is offering various incentives, including those for foreign investors. The newest incentive involves taxes and land abandonment. Twenty years ago, there was a tax holiday, and then it ws removed. With the new law on capital investment, the tax holiday is again included, certainly with valid terms and conditions, said Darmawan.Deputy Minister of Foreign Economic Affairs of Uzbekistan Nasriddin Najimov stated that his side was interested to invest in oil and gas, telecommunication as well as tourism. He also invited Indonesian entrepreneurs to invest in his country as well.RR ARIYANI


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