Rosan: Danantara Investment For Downstream Projects Must Go Through Deep Study

Head of the Investment Management Agency (BPI) Danantara Rosan Roeslani (center). (Photo: Doc. Antara)

Head of the Danantara Investment Management Agency (BPI) Rosan Roeslani stated that the use of Danantara's investment in downstream projects must go through an in-depth study in order to provide optimal and sustainable results.

This was conveyed at the Presidential Palace, Jakarta, Monday, March 3 evening, after attending a meeting with President Prabowo Subianto, the Downstream Task Force, and related ministries.

"Because of this downstreaming, the investment must also provide a good return, which is acceptable, because this will be given a lot of funding, for example by Danantara," he said, quoted by Antara.

According to Rosan, every project that will be funded by Danantara must go through a transparent and structured process, including evaluation by the Ministry of Investment and the due diligence stage.

"This step was taken to ensure that the investment disbursed not only generates viable financial benefits, but also has a broad positive impact on the national industry," Rosan added.

"So, Danantara will also go through a proper process, through a process at the Ministry of Investment, due diligence, we will go through all the steps," he said.

One of the main factors considered is project readiness and its impact on the economy, especially in involving the community, such as employment opportunities.

Rosan, who is also the Minister of Investment and Downstreaming, wants to ensure that downstream projects, such as seaweed processing and shrimp cultivation, are not only economically profitable, but can also empower farmers and fishermen.

"Yes, of course, we also see in terms of readiness, because some of these projects do need the feasibility study, in more detail, in more detail, and of course how this is the most important thing can involve farmers," he said.

Most importantly for Rosan, this project could involve farmers and fishermen, not only chasing a 14 or 15 percent return, but also considering a sustainable positive impact.

One sector that is considered to have great potential is the seaweed industry. In addition to having high economic value, derivative products from seaweed are very diverse and can provide long-term benefits for the domestic industry.