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Indonesia looks forward to new investment road map
Last Updated(Beijing Time):2012-02-29 13:00

Indonesian Investment Coordinating Board (BKPM) revealed a scheme to sustain robust levels of investment until 2025, that includes supporting quick-return investments and investment incentives, local media reported on Wednesday.

The road map for the implementation of the guidelines, which will act as a reference for governmental and administrative bodies, is divided into four phases, with the first phase concentrating on investments that offer"quick wins and low hanging fruit", said the BKPM Chairman and Trade Minister Gita Wirjawan. "The second phase will focus on infrastructure construction and the third phase is geared toward large-scale industrialization. Meanwhile, the fourth phase will aim at ways to position ourselves as a knowledge-based economy,"Gita added.

He further pointed out that the government had outlined seven goals to complement the road map, with the first goal aimed at shaping investment climate.

Gita added that realization of the second goal, pertaining to the fair distribution of investment, was well on the way. "Investment in areas outside of Java has risen from 18 to 40 percent of the total investment in 2009, 2010 and 2011," he was quoted by the Jakarta Post as saying.

According to him, the third goal was on developing the country' s infrastructure, energy and foodstuff. "Our plans regarding foodstuff are based on our wish to be self- reliant in key commodities such as rice, sugar and salt,"he has said.

Indonesia is a voracious sugar importer. This year, the government plans to import 240,000 tons of raw sugar to meet domestic demand for white sugar, which is projected to reach 860, 000 tons for the first four months.

Gita said that the fourth goal was developing environmentally friendly investments, or green investment, while the fifth was on empowering micro, small and medium enterprises, in addition to cooperatives. "We have seen the banks'financial reports for the fourth quarter and we've observed that their net interest margins still provide ample space for channeling funds to Indonesian SMEs,"he said.

Source:Xinhua 
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