Wed, 02 Dec 2009
Jakarta (ANTARA News) - Coordinating Minister for Economic Affairs Hatta Rajasa said the government will give incentives only to investors who can boost the country`s economic growth.

"The incentives will not be made available on a pro rata basis but will be given only to investors who make an impact on economic growth without causing distortions in other sectors," he said after attending a seminar on the 2010 economic outlook at the Ritz Carlton Hotel here on Tuesday.

Hatta said only investors who are making a significant impact on economic growth would be entitled to the incentives.

"For instance, when it comes to investors who run downstream industries for oil palm plantation, we will think of providing them with fiscal and non-fiscal incentives without burdening the state budget," he said.

In the long run, the government`s decision to provide the incentives was expected to have a positive effect on the Indonesian economy , he said.

Quoting an Investment Coordinating Board (BKPM) report, he said many investors had expressed interest in investing in the country.

"Therefore, we are quite optimistic that investment will reach Rp1,600 trillion in 2014," he said.

With the improving performance of the capital market, investment was expected to grow by up to 7.2 percent next year, he said.

"The investment growth target for 2009 has been set at 3.7 percent. I think the figure can be raised to 7.2 percent next year," he said.

Therefore, he added, the adoption of new economic policies which are high on the list of the new government`s priorities in its first 100 days in office was of great significance to ensure a conducive investment climate.(*)



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