XINHUA/Indonesia plans to give incentives for investment in 5 provinces
JAKARTA, Aug. 13 (Xinhua) -- The Indonesian government plans to provide fiscal incentives for investment in five provinces in the sectors of agriculture, oil and gas, a paper reported here Friday.
Industry Minister Mohamad S. Hidayat quoted by the Jakarta Post as saying that a regulation was being drafted to provide a legal basis for the incentives for companies with investments in five industrial clusters. The clusters are located in the provinces of Riau, North Sumatra, East Kalimantan, East Java and Papua.
The clusters in the first three provinces were formed specifically for the production of crude palm oil and its derivatives, while the last two were for oil and gas and agriculture products. "We hope it can speed up the growth of our new industrial zones, " Hidayat said, without providing details of the plan.