Indonesia Needs IDR 1,000 Trillion Investment to Reach 6% GDP Growth

January 2020

The Indonesia’s Investment Coordinating Board (BKPM) is looking for nearly IDR 1,000 trillion of investment to push the country’s economic growth to 6%, as per the national medium-term development plan (RPJMN) 2020-2024. To attract investors, the government plans for a centralized licensing system under the BKPM.

BKPM also encourages foreign investors to partner with local businessmen to create jobs as a step to realize economic equalization, the top priority in the RPJMN. Job creation is closely related to growing public consumption, which is 56% to national economic growth.

BKPM is currently focusing on Papua and West Papua. In West Papua, the government has five priority projects: the development of new ports, restoration of the Sorong Seget Port, development of industrial zone in Bintuni Bay and special economic zone (KEK) in Sorong and a gas pipe/LPG terminal of Tangguh LNG Train-3 project. The two completed projects, namely the revamping of Sentani Airport in Jayapura and the construction of the Cross Border Post (PLBN), are predicted to boost local economic growth.

(Source: Antara News)

Our Services

Orissa International provides consulting services to companies that want to develop a market entry strategy for Southeast Asia or implement their business expansion into the region. We have very strong domain knowledge of markets and industry sectors, and a business network of over 16,000 distributors, resellers, and system integrators, built through advising and guiding more than 5,000 companies with their market expansion into Singapore, Malaysia, Indonesia, Thailand, Vietnam and the Philippines over the last 25 years.