West Java Wins 2021 Investment Realization, Ridwan Kamil: Pandemic Is Only Temporary, The Economy Is Recovering Into Confidence

JAKARTA - West Java will become the champion of investment realization in 2021. Governor M Ridwal Kamil is also proud.

Based on data from the Ministry of Investment / Investment Coordinating Board (BKPM), the realization of West Java investment in 2021 will reach IDR 136.1 trillion. This figure is equivalent to 15.1 percent of the total realization of national investment in 2021.

"First, the good news is that our realization throughout 2021 is the highest in Indonesia at Rp. 136 trillion," said West Java Governor Ridwan Kamil, at the West Java Investment Report event at the West Java Investment Hub Building, Bandung City, quoted by Antara, Monday, February 7.

According to Ridwan Kamil, the achievement of this investment realization indicates that investor confidence in West Java remains high in the midst of the COVID-19 pandemic.

"In fact, in previous years, it was smaller and this indicates that during 2021, even though the pandemic hit, investment confidence in West Java did not decline," he said.

"This has to be investigated. According to COVID-19, the economy is going down, but why is investment going up. It means that there is a perception that this pandemic is only temporary, but in the long term the economy will recover, it is a belief," said Ridwan Kamil.

Then, he continued, for the first time the realization of PMA and PMDN investments is currently almost equal or 50:50. This indicates that domestic investors are also increasing and willing to invest in areas of interest.

"Our answer is always three, why do people feel comfortable investing in West Java. One infrastructure is very large. There are 10 toll roads already under construction, railroads, ports, and so on," said Ridwan Kamil.

Then the index of Human Resources (HR) of West Java which is very productive. Third, is investment services that are fast, accurate, and with integrity.

"Plus we are always traveling around to market, including me as governor. That's the answer to why the good news is today, our investment is champion in Indonesia," said Ridwan Kamil.

For this achievement, said Ridwan Kamil, the Central Government through BKPM targets that investment realization can increase again. In 2022, BKPM targets the incoming investment to be Rp. 1,200 trillion, an increase of 30 percent.

Meanwhile, West Java is targeted to contribute 15 percent of the government's target of Rp. 1,200 trillion. The target aims to support national economic growth in 2022, which is 5.2 to 5.5 percent.

"Then the central government does have a target of IDR 1,200 trillion and 15 percent of it is entrusted to West Java. That's what we will discuss later," said Ridwan Kamil.