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Nine new industrial parks underscore Indonesia’s investment appeal

The establishment of nine new industrial parks over the past year underscores Indonesia’s position as one of Asia’s leading investment destinations in manufacturing, said Minister of Industry Agus Gumiwang Kartasasmita.

Illustrative image (Photo: Internet)
Illustrative image (Photo: Internet)

Jakarta (VNA) - The establishment of nine new industrial parks over the past year underscores Indonesia’s position as one of Asia’s leading investment destinations in manufacturing, said Minister of Industry Agus Gumiwang Kartasasmita.

According to the minister, the new parks are concentrated in South Sulawesi, West Java, West Kalimantan, and Central Java. The expansion adds 4,468 ha of industrial land, an increase of 4.81%, drawing 132 new companies. Total investment rose 9.26% to 571.58 trillion IDR (36.9 billion USD), generating over 310,000 new jobs, up 15% annually.

At the same time, the ministry is accelerating global market access to domestic industrial products through a series of international agreements.

The Labour-Intensive Industrial Credit Programme (KIPK) is also underway, providing financial support for small and medium-sized enterprises (SMEs) to upgrade machinery and boost productivity. Loan amounts range from 500 million to 10 billion IDR, with a preferential interest rate of 5% and a repayment period of up to eight years.

The ministry also issued a regulation on risk-based business operation standards to improve the country’s investment climate./.

VNA
#Malaysia #industrial parks #Labour-Intensive Industrial Credit Programme #risk-based business operation standards Indonesia
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