Ministry Of Investment And Kadin Renew Cooperation

Minister of Investment/Head of BKPM Bahlil Lahadalia/PHOTO VIA ANTARA

JAKARTA - The Ministry of Investment/Investment Coordinating Board (BKPM) strengthens collaboration with the Indonesian Chamber of Commerce and Industry (Kadin) Indonesia as outlined in the Memorandum of Understanding on Cooperation in the Investment Sector. Both of them also renew and strengthen the cooperation that was signed in 2016.

This Memorandum of Understanding was made in the context of adjusting to the development of the business climate, accelerating the increase in investment, and creating the widest possible employment opportunities.

The Minister of Investment/Head of BKPM Bahlil Lahadalia sees the impact of the COVID-19 pandemic on the Indonesian economy where economic growth is still unstable, even though in the second quarter of 2021 it has improved.

Based on data from the Central Statistics Agency (BPS) in the second quarter of 2021, 84 percent of economic growth is supported by household consumption and investment.

Consumption will depend on the certainty of people's income, and the role of entrepreneurs as heroes of the backbone of the nation's economic defense is to support the creation of jobs that provide income certainty and people's purchasing power.

"Kadin as an organization that has legal protection in Indonesia, is a strategic partner of the government, can provide constructive input and critical thoughts in order to improve economic policy," he said in a written statement, Saturday, August 28.

According to Bahlil, this Memorandum of Understanding is a form of collaboration between the state and businessmen. Because, 76 percent of state revenue comes from taxes, and the biggest tax contributors are companies. Therefore, the state needs reliable entrepreneurs.

In this case, the Ministry of Investment/BKPM and the Indonesian Chamber of Commerce and Industry will formulate a collaborative step on how to deal with investment problems faced by entrepreneurs.

"I invite friends from the business world to talk about how to formulate a strategy so that the business world can run by thinking out of the ordinary. In the context of investment, at the direction of the President regarding the big vision of economic transformation to create added value. There are three major programs that we must implement. support, namely industrial downstream, digitizing MSMEs, and a green economy. In that context, let's try to formulate it," he said.

Meanwhile, Chairman of the Indonesian Chamber of Commerce and Industry Arsjad Rasjid expressed his appreciation to the Ministry of Investment/BKPM for supporting this collaboration. Today's Memorandum of Understanding is an addendum and improvement to the 2016 memorandum of understanding between BKPM and Kadin Indonesia.

In this new Memorandum of Understanding, said Arsjad, Kadin hopes to cover many things needed for synergy and collaboration between the Ministry of Investment and Kadin Indonesia to accelerate many things that can increase investment, expand employment opportunities and grow the national economy.

"We welcome today's activities. The Memorandum of Understanding also includes what is ordered in the Law to Kadin, namely in the context of partnership as a strategic partner of the government. This memorandum also includes cooperation in education and capacity building training for business actors in the country," he said.

The scope of the signed Memorandum of Understanding includes the exchange of data and information; organizing joint promotions (joint promotion); facilitation of foreign business actors and domestic investors conducting business in Indonesia; facilitation of domestic business actors investing outside the territory of Indonesia; facilitation of investment partnerships; planning and development of the business world climate; as well as education and training programs for business actors.