REPUBLIKA.CO.ID, JAKARTA -- Issuing licenses at a one-stop integrated service (PTSP) could boost investment in Indonesia, Head of the Investment Coordinating Board (BKPM) Franky Sibarani said.
"If investors know there is a one-stop integrated service, they will invest more in Indonesia," Sibarani stated here on Thursday (15/1).
As an entrepreneur, he believes that providing investment licensing services at PTSPs could motivate investors.
"With a one-stop integrated service, investors will only approach the board," he affirmed, adding that the presence of PTSPs will serve as an impetus to investors put their money into Indonesia.
However, how the board continues to make improvements, especially regarding the speed of the license issuance processes, would play an important role.
"Our work includes identifying ways to improve regulations and standard operating procedures to complete the licensing," he explained.
It is important to realize the increase in investment targets of 14 percent, or Rp520 trillion.
Sibarani further noted that there are a number of investors in several sectors who are interested in expanding their businesses in Indonesia. Particularly in the petrochemical sector and electricity sector, a number of investors that applied for licenses were companies that had made investments previously.
"In the field of electricity, there is Sumitomo and some Chinese investors who want to be involved. Domestic investors also wish to expand," Sibarani pointed out.
The BKPM focuses on encouraging existing companies to expand their business.
Earlier, Deputy Chief of Investment Promotion Himawan Hariyoga remarked that there were two foreign investors in the field of petrochemicals that had applied for expansion of their businesses. However, he refused to disclose their names and locations.
"The first company proposed a commitment of US$240 million for the expansion, while the other pitched to invest US$740 million in naphtha," he added.
Ikuti Whatsapp Channel Republika