Indonesia aims to attract 13 billion USD from Japan

Workers assemble vehicles at Daihatsu Motor Co.'s plant in Karawang, Indonesia. (Source: ajw.asahi.com)

Jakarta (VNA) – Indonesia’s Investment Coordinating Board (BKPM) has set a goal of attracting 13 billion USD in investment capital from Japan in 2016.

BKPM chairman Franky Sibarani said the goal is based on the number of permits of investment projects granted for Japanese investors so far.

Franky Sibarani hoped that BKPM and Indonesia’s Embassy in Tokyo would continue boosting cooperation to solve remaining problems to attract more Japanese investors to Indonesia.

Japan is the second largest investor in Indonesia with a total investment capital of 14.6 billion USD, accounting for around 10.5 percent of the total investment capital flowing into the country since 2010 to the third quarter of 2015.

Japan’s investment in Indonesia focuses on industry, transport, metallurgy, machinery, electronics, chemicals, pharmaceuticals, real estate, industrial zones and food industry.

Up to 95 percent of projects are located in Java Island.

According to Sibarani, the Indonesian government are stepping up efforts to improve investment environment with the introduction of a three-hour service in the granting of investment certificates.-VNA