Offer Incentives, Luhut Promises To Pamper Investors: We Are Ready To Welcome Investors In Any Circumstances!

JAKARTA - Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan said the government remains committed to providing the best service to investors who intend to invest in Indonesia.

According to him, the current surge in daily COVID-19 cases does not dampen the government's efforts to continue to absorb investment flows, both from within the country and abroad.

"The government would like to convey that Indonesia is ready to welcome investors from within and outside the country under any circumstances in the midst of the current global pandemic," he said when he was a keynote speaker at the Investor Daily Summit 2021, Wednesday, July 14.

Luhut added, evidence of this readiness was realized through the centralization of production activities through industrial estates. One sector that is now becoming the government's concern is the development of industrial estates for mineral downstream processes.

This is expected to capture opportunities for the development of electric vehicles that require the purification of certain minerals as energy raw materials. Meanwhile, the industrial areas offered by RI for mineral downstream activities include the North Morowali, Tanah Kuning, and Obi Island Industrial Estates.

In addition, Luhut also explained that the government has prepared incentives in the field of taxation and finance as part of the state's fiscal policy, such as tax holidays, tax allowances, and free import duties for the import of machinery and equipment.

"Beyond that, we will provide infrastructure stimulus in the form of the construction of certain facilities, independent electricity management, and ease of one-door licensing," he said.

Furthermore, the bureaucrat, who used to work as a soldier, revealed that the realization of investment until the first quarter of 2021 had touched the range of 24 percent of the target set.

"The realization of foreign investment is 23 percent, while domestic investment is 25.1 percent. I think it's still pretty good."