Together with the new administration, the Investment Coordinating Board of Indonesia (BKPM) is committed to coordinating more closely with the private sector and to acting decisively in order to boost investment in the country.
Launched early this year, BKPM’s One-Stop Integrated Service (PTSP) is one of the government’s steps to ease the process of doing business in Indonesia and therefore, attract more investment. Integrating 22 ministries and government agencies and issuing any of 147 licenses, PSTP provides potential investors a quicker and simpler way of obtaining their required permits.
Over the past few years, the international business community has improved its perception of doing business in the country. Previously attracted to Indonesia solely due to its natural resources and cheap labor, foreign investors have flocked to the country because of a variety of opportunities that have opened up, particularly in manufacturing.
Indonesia wants to become a strategic production base in Asia that will rival China and Malaysia, among others.
“Indonesia is now in a new phase of investment driven by its market and the growing middle class,” said Mr. Himawan Hariyoga, BKPM Deputy Chairman for Investment Promotion.
Open to investment and public-private partnerships, particularly in the maritime sector and in infrastructure projects, Indonesia has plans to build 16 industrial estates, 15 airports and 24 seaports.
