Bantul builds industrial estate to woo investors

Bantul builds industrial estate to woo investors

BANTUL, Yogyakarta (JP): The Bantul regency in Yogyakarta
province is developing a 55-hectare industrial estate in Piyungan
subdistrict in a bid to lure investors into the regency.

Bantul regent Idham Samawi said the construction of the
industrial estate had been 60 percent completed.

"The operation also depends on the handover of the power from
the central government to allow us to manage the estate," he told
The Jakarta Post on Saturday.

Piyungan is located on Jl. Wonosari around 12 kilometers to
the southeast of Yogyakarta city.

Idham said the regency had obtained a guarantee from the
state-owned telecommunications company PT Telkom and electricity
company PLN that they would provide adequate facilities and
services in the industrial complex.

He also said that the estate could be accessed from Yogyakarta
via a wide road that could accommodate large trucks.

He promised that the local government would ease all the
requirements needed by investors, including investment permits.

"No matter if they are foreign investors or domestic ones,
they won't face any difficulties in obtaining all the necessary
permits," he stressed.

He said there were already 15 investors, including three from
abroad, who had expressed interest in building factories in the
planned complex. The overseas companies were garment producers
from France, Austria and Australia respectively.

Idham said that would-be investors would have to pay Rp 6
million per hectare for land in the complex.

He estimated that if the industrial complex were to be fully
occupied, it would be able to recruit more than 10,000 out of the
36,000 unemployed people in the regency and generate total
property taxes of Rp 1 billion a year.

Idham said that the regency had appropriated another 200-
hectares of land in Pajangan village for an industrial site. The
site will be developed when the first industrial estate has been
fully occupied.(44)