REPUBLIKA.CO.ID, JAKARTA -- A number of investors from China and Taiwan are interested in venturing in labor intensive projects in Central Java, the Capital Investment Coordinating Board (BKPM) said.
"The availability of wide land, skilled labors and competitive wages, are the attractions of Central Java as a suitable place for development of labor intensive industry," BKPM Chief Franky Sibarani said in a statement here on Tuesday (28/4).
Franky said BKPM and the provincial administration of Central Java have agreed to coordinate in developing synergy to attract investors to the the province.
Coordination is necessary to facilitate investment in labor intensive industry in the province, he added.
"Investment promotion would be facilitated by simplifying licensing procedure with One Stop Service system ," he said.
Central Java Governor Ganjar Pranowo said the province is ready to facilitate investment in labor intensive industry.
Currently the provincial administration has carried out training program for students of vocational school in cooperation with industrial companies, Ganjar said.
He said the program is effective in turning out skilled workers.
Ganjar said Central Java has many skilled workers as there are many vocational schools in the province.
"The problem is shortage in power supply . In 2017, Central Java is facing crisis in power supply unless there is new power plant to come on line ," he said.
Construction of new power plant is, therefore, urgent in Central Java, he added.
The provincial administration would push for development of infrastructure, transport sector and industrial estates to accelerate its economic development, he said.
"Unfortunately development of the steam powered electric plant (PLTU) of Batang has been delayed on difficulty in land clearing," he said.
Based on data from BKPM, in the past five years implementation of investment projects in Central Java has increased rapidly but in 2014, realization was only 80.5 percent or Rp18.6 trillion of the target.
In 2015, Central Java sets investment target at Rp27.7 trillion not including in banking and upstream mining sectors.
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