The Investment Coordinating Board (BKPM) will invite German pharmaceutical companies to invest in Indonesia when President Joko
\nWidodo (Jokowi) visits Germany as part of his four-European nation tour this month.<\/p>\n
\"We will invite German pharmaceutical companies to expand their investment and make new investment in Indonesia as Germany is
\nthe worlds fourth largest source of investment in the pharmaceutical sector, with a total investment of US$4.33 billion,\" BKPM
\nChief Franky Sibarani said in a press statement released on Sunday.<\/p>\n
Several German pharmaceutical companies have started realizing their investment plan in Indonesia and are now in the process of
\nconstructing their plants, he said.<\/p>\n
He believed that Indonesia has the potential to become a large market for pharmaceutical products.<\/p>\n
\"The Indonesian market for pharmaceutical products has the potential to double in 2018 from 2013 and to make the country the
\nworlds 20th largest pharmaceutical producer due to the growth of middle class people,\" he said.<\/p>\n
Meanwhile, per capital health fund in Indonesia increased to US$108 in 2012 from US$68 in 2008. However, it is still lower than
\nthose of Malaysia (US$410), Thailand (US$215), and the Philippines (US$119).<\/p>\n
He said the government also has opened investment opportunity, particularly in the industry which produces raw materials for the
\nproduction of medicines by allowing foreign investors to hold shares by up to 100 percent compared to 85 percent previously.<\/p>\n
The policy is expected to increase the competitiveness of investment in the pharmaceutical industry, he said.<\/p>\n
Data from the BKPM show that domestic investment commitment in the pharmaceutical sector in 2015 reached Rp5.14 trillion, up
\nfrom Rp2.47 trillion in 2014. Meanwhile, foreign investment commitment in 2015 reached US$106 million, up from US$46 in 2014.(*)<\/p>",
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"image": "pharma.jpg"
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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