REPUBLIKA.CO.ID, JAKARTA -- Indonesian Capital Investment Coordinating Board (BKPM) has urged Japan to invest in sectors such as industrial raw materials and capital goods since these sectors have a large investment potential, an official stated.
Major investment in the capital goods sector will have a positive impact as it will not only reduce imports but also increase domestic companies' industrial capacity, Chief of BKPM Franky Sibarani said in a statement received here on Friday.
"The BKPM's effort to market investment opportunities among the Japanese will boost investment in industrial raw materials and capital goods (in Indonesia), in addition to Japan's key sector of automotive and spare parts industry," he explained.
Sibarani further said Japan's investment potential in regards to both the sectors (industrial raw materials and capital goods) is still quite large.
According to him, the realization of Japanese investment in the sectors (industrial raw materials and capital goods) also showed a significant increase (24.8 percent), amounting to Rp57.9 trillion, when compared to the previous year.
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