Jakarta, hitclubapk3 Indonesia
—
The government is targeting realization
investment
reaching IDR 13 thousand trillion to realize it
economic growth
8 percent in the next five years.
Initially, Deputy Minister of Investment and Downstreaming/Deputy Head of BKPM Todotua Pasaribu said that investment realization in 10 years during the two periods of President Joko Widodo’s (Jokowi) administration reached IDR 9,200 trillion.
Then, he also said he would pursue the target of IDR 13 thousand to achieve the 8 percent economic growth proclaimed by President Prabowo Subianto.
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“In the two previous government periods, investment realization reached around IDR 9,200 trillion. So, in the next five years, according to the target desired by Mr. President Prabowo Subianto, we will reach the 8 percent target of IDR 13,000 trillion,” said Todotua in a Working Meeting with Committee IV DPD RI, Tuesday (4/11).
Todotua emphasized that the strategy to achieve this target will be to expand the sector base and equalize investment distribution, not just focus on increasing the value of investment.
Furthermore, he explained several strategic steps that would be implemented by the Ministry of Investment and Downstreaming/BKPM, namely improving the quality of licensing services, improving fiscal and non-fiscal policies, as well as providing various incentives that encourage national investment competitiveness.
“We are talking about licensing services of course, then strategic fiscal and non-fiscal regulations, strategic incentives, and how to create a conducive investment climate,” he added.
Then, Todotua also stated that the minimum requirement for foreign investment or Foreign Investment (PMA) for those wishing to open a business in Indonesia is IDR 10 billion.He then compared it with the minimum investment requirements in other countries, namely US$ 200 or the equivalent of IDR 3.3 million (assuming an exchange rate of IDR 16,720).
“In foreign countries, if you only need US$200 for a small business, they can open it. But in our country, our requirement for PMA is IDR 10 billion,” he said.
He also emphasized that if the minimum investment figure requirement for PMA is lowered, it will have a positive impact on MSMEs.
“Why is it like this? Because if we reduce the impact on our MSME friends, this is what will happen,” he added.
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(fln/pta)
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