Rosan Calls Investment Target Of IDR 13,000 Trillion In Five Realistic Years

JAKARTA - The government has set an investment target of IDR 13,032 trillion or USD 869 billion in the next five years.

The target is installed as an effort by the government to achieve economic growth at 8 percent.

The Minister of Investment/Head of BPKM Rosan Roeslani said the target was a realistic number.

Although, he admitted that there is homework or homework that needs to be addressed so that investors want to invest in Indonesia.

"The question is of course, is it achievable? Thank God, we believe that this number is achievable. Of course there is still a homework or homework that we have to do. Especially when people invest, they don't like surprise. They all want it to be measurable and structured," he said, in Tangerang, Wednesday, November 26.

In an effort to achieve this target, Rosan said the government had integrated the business licensing system. He said, the licensing system in 18 ministries has now been integrated with the Ministry of Investment/BKPM.

"For example, the Ministry of Investment has an agreement with Ministry A, for example, the agreement is 10 days. If they don't return to us for 10 days, I will automatically issue the permit, because I already have the PP, PP number 28, for me to do this," he said.

Rosan said, with this Positive Fictitious Policy (FikPos), the Ministry of Investment has issued 151 permits within two months.

"With a system that we say is fictitious. 151 permits, apologize, because other agencies or ministries do not return to us according to the timeframe we have agreed on," he explained.

In addition to fixing the licensing system, Rosan said the government is also boosting investment in the downstream sector. According to him, downstreaming has a very large impact on national economic growth.

"If I look at the average, approximately 30 percent of the investment in Indonesia comes from downstreaming. Although the downstreaming is mostly in minerals, I can say it's nickel, but we are also now pushing for investment in non-mineral fields, in plantations, in the sea, we also do that," he said.

For example, continued Rosan, the downstream project of coconut commodities worth 100 million US dollars or Rp1.66 trillion (assuming an exchange rate of Rp16,600 per dollar) has entered the construction stage. In fact, it is targeted that phase one will be completed this year.

The investment comes from a combination of Zhejiang FreeNow Food Co.Ltd, China's largest coconut derivative manufacturer with a consortium of Indonesian and Chinese companies.

Rosan said the project, the plan will consist of up to three phases. In the first stage, it is claimed to be able to absorb 5,000 workers.

Meanwhile, if the third phase is completed next year, it will absorb up to 10,000 workers.

"Alhamdulillah, we can get investment in the coconut field, construction has started, indeed the investment is only 100 million dollars from the three phases. (If) these three phases are finished, next year it will be 10,000 people," said Rosan.