Rachmat Gobel: We Are Persuading Japan To Get The Sakura Country Investors To Invest In Indonesia More

Deputy Speaker of the House of Representatives, Rachmat Gobel. (Photo: Doc. Antara)

JAKARTA - The government continues to aim to increase investment in raw materials for the manufacturing industry from Japan in the near future to enter the country. This effort is made in order to provide added value to domestic products.

Deputy Chairman of the House of Representatives (DPR) of the Republic of Indonesia, Rachmat Gobel, explained that his party was currently conducting political lobbying with the Japanese Government. The purpose of the lobby is to lead Sakura State investors to invest in Indonesia even more.

"We hope that we can increase other investments in the manufacturing sector. After all, they need raw materials which I think can be made in Indonesia so that the added value will be large", he said in a virtual press conference, Tuesday, September 7.

As is known, President Joko Widodo (Jokowi) has requested that the investment realization target of IDR 900 trillion in 2021 be achieved by the end of the year. Thus, it will further increase job creation and stimulate the national economy.

In addition to the manufacturing industry, said Rachmat, the infrastructure development undertaken by Japan will also increase the use of the domestic component level (TKDN). According to him, the two sectors are one of the government's main priorities when conducting negotiations.

Moreover, said Rachmat, now the government has completed the ratification of the Job Creation Law No. 11 of 2020 as an entry point to attract investment. He said he was optimistic that the flow of foreign capital would increase so as to create added value and employment.

"This must be quickly explained to the government and Japanese businessmen themselves. Because this is a very big opportunity to attract their investment", he explained.

For information, based on data from the Investment Coordinating Board (BKPM), the investment value from Japan has continued to increase in the last three years. In 2018 there were at least USD 3.2 billion in capital flows from Japan invested in the country. This amount increased in 2019 by USD 3.8 billion and in 2020 the figure reached USD 8.8 billion.