Indonesian Political, Business & Finance News

Central Kalimantan Aggressively Courts Investors to Boost Economy and Employment

| Source: GALERT
Jakarta: Central Kalimantan Governor Agustiar Sabran is stepping up efforts to attract investment to advance his region. Today, Sabran held a key coordination meeting with Deputy Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM), Todotua Pasaribu, at the Ministry of Investment and Downstreaming/BKPM offices.

The meeting focused on Central Kalimantan's considerable potential for investment development, particularly in the mineral natural resources and agricultural sectors. Deputy Minister Todotua Pasaribu highlighted Central Kalimantan as one of the regions with abundant mineral reserves and agricultural potential.

"We warmly welcome the visit of the Central Kalimantan Governor and his delegation. Central Kalimantan has a promising downstreaming strategy, and we have even referred an investor to develop an industrial estate there," said Deputy Minister Todotua Pasaribu.

He explained that the industrial estate would integrate downstreaming and smelting processes, particularly for processing bauxite into alumina and aluminium, as well as silica mineral downstreaming. Additionally, Central Kalimantan is rich in coal, copper-gold, and palm oil agriculture.

Deputy Minister Todotua Pasaribu also emphasised the importance of logistics infrastructure strategy to maximise the utilisation of Central Kalimantan's natural resources for global competitiveness. He added that the province also has potential for a 500 MW hydroelectric power plant.

According to Deputy Minister Todotua Pasaribu, Central Kalimantan's investment potential is enormous in terms of creating jobs and increasing regional revenue. "A single industrial estate in Central Kalimantan has the potential to absorb hundreds of thousands of workers. We hope for an acceleration in investment realisation and development absorption," he said.

Governor Agustiar Sabran stated that the enhanced integrity of the downstreaming process aligns with President Prabowo Subianto's Asta Cita programme, towards realising Golden Indonesia 2045.

"We are very enthusiastic about promoting Central Kalimantan's natural resources for Indonesia's future. We urgently need investment so that regional revenue continues to grow, as already evident from the first quarter which reached Rp7 trillion," Sabran concluded.

He expressed hope that the investment could be realised promptly through good cooperation with the Ministry of Investment and Downstreaming/BKPM.
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