INA-Kadin Collaboration To Improve The Investment Ecosystem In The Country

Illustration (Photo: Doc. Antara)

JAKARTA - The Indonesia Investment Authority (INA) has established a strategic collaboration with the Indonesian Chamber of Commerce and Industry in an effort to further strengthen the investment ecosystem in Indonesia.

This collaboration was marked by the signing of a memorandum of understanding (MoU).

This synergistic partnership aims to strengthen the role of each party in Indonesia's investment ecosystem, as well as explore various potential investment opportunities to encourage the development of various projects throughout the archipelago.

As stated in the MoU, INA and Kadin Indonesia will start collaboration in various aspects, including exchanging information and mapping investment potentials, including identifying potential areas or transactions for collaboration.

The partnership will also facilitate recognition of potential investor partners, to open new synergies and encourage impacted investments.

INA CEO Ridha Wirakusumah said the collaboration with the Indonesian Chamber of Commerce and Industry marks an important step in his ongoing efforts to strengthen the investment ecosystem in Indonesia.

"Through this synergistic partnership, we aim to open up various opportunities and encourage dynamic collaboration, which will contribute to sustainable economic growth and increasing Indonesia's economic competitiveness," he said in an official statement, Monday, April 17.

Meanwhile, Chairman of the Indonesian Chamber of Commerce and Industry Arsjad Rasjid stated, as the only parent organization in the business world in the fields of state, cooperative and private enterprises in Indonesia, the Indonesian Chamber of Commerce and Industry is committed to encouraging investment growth in Indonesia.

With the Indonesian economy growing by 5.31 percent in 2022, and more than 45 billion US dollars Foreign Investment in 2022, said Arsjad, Indonesia is the right location to invest.

"Our partnership with INA will strengthen our role in the investment ecosystem in Indonesia by promoting investment opportunities, utilizing our extensive business contact network, and industrial expertise to identify and showcase investment opportunities to INA and other foreign investors," he said.

Arsjad said this strategic collaboration is an important step in promoting a well-connected and reliable investment landscape in Indonesia.

"The partnership between INA and Kadin Indonesia uses a forward-thinking approach to develop a more connected and resilient investment ecosystem in Indonesia," he explained.