Bahlil Targets Investment Realization In The Downstream Sector 25-30 Percent

Minister of Investment/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia. (Photo: Doc. ANTARA)

JAKARTA - Investment Minister/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia targets the contribution of investment realization in the downstream sector to around 25 percent to 30 percent of this year's investment target of IDR 1,400 trillion. "I actually want the realization of investment in the downstream sector to be around 25 percent to 30 percent, I target that much so that it can be seen that our focus is on downstreaming," Bahlil said at a press conference in Jakarta, Friday, October 20. Bahlil targets the realization of investment in the downstream sector by 30 percent of the 2023 investment target. Based on data from the Ministry of Investment/Head of BKPM, investment realization in the downstream sector for the January-September 2023 period reached IDR 266 trillion. This value reached 25.3 percent of the total investment realization of Indonesia in January - September 2023 of IDR 1,053.2 trillion "My target is around 25 percent to 30 percent, if it can reach 30 percent much better. However, it seems that it has not been fully achieved and at least around 26 percent to 27 percent of the existing target," he said. Meanwhile, if separated into types, with the following details in the mineral sector for nickel smelters of IDR 97 trillion, bauxite of IDR 7.1 trillion and copper of IDR 47.6 trillion.

Furthermore, in the CPO/oleochemical agricultural sector Rp39.5 trillion, the forestry sector for pulp & paper Rp34.8 trillion, while the oil and gas sector for petrochemicals is Rp31.6 trillion, and the electric vehicle ecosystem sector for electric vehicle batteries is Rp8.4 trillion.