Indonesia promotes investment policy reforms in Germany

The Capital Investment Coordinating Board (BKPM) promoted Indonesias
investment policy reforms in a business forum in Berlin, Germany, Monday.

The business forum, which was attended by 250 German investors, was held
in connection with the visit of President Joko Widodo (Jokowi), who also
attended the forum.

Indonesia explained in the forum about the facilities the Indonesian
government will provide to all those who want to invest in Indonesia,
BKPM Chief Franky Sibarani said in a press statement here Monday.

Would-be investors can simply visit the BKPM office to obtain investment
services. The services included consultation and business permits and
facilities once they realized their investment.

"BKPM serves as One Stop Shop for investment. Investors can simply meet
the marketing officers in charge of German affairs to get assistance and
services from 22 ministries/state institutions at the one-stop
integrated service center (PTSP) where would-be investors could handle
various business permits, a three-hour license service and assistance
when they are in the process of realizing their investment," the BKPM
head said.

Franky also stressed the governments commitment to carrying out
investment policy reforms to support the ease of doing business in
Indonesia.

The BKPM chief also explained the revision of Negative Investment List
(DNI) for the industrial sector, pharmacy and e-commerce.

Based on the BKPM data, the German investment in Indonesia in the
2010-2015 period totaled 547 projects worth US$552 million or Rp5.2
trillion. The projects absorbed 38,382 workers.

The German investment in Indonesia is relatively small when compared
with its total investment around the world. FDI Markets Financial Times
data showed that it only accounted for one percent of Germanys total
investment around the world.
President Jokowi, in the company of several ministers, met the chief
executive officers (CEOs) of German companies to draw more investment to
Indonesia.

The meeting was held Monday at the Hotel Adlon Kempinsky in Berlin, the
capital of the German Federal Republic.

The Indonesian representatives attending the meeting included
Coordinating Minister for Economic Affairs Darmin Nasution, Foreign
Affairs Minister Retno Marsudi, Head of the Investment Coordinating
Board Franky Sibarani, and Cabinet Secretary Pramono Anung, in addition
to Indonesian Ambassador to Germany Fauzi Bowo.

The CEOs from several German companies such as Mayer Werf GambH & Co KG,
Ferrostaal GmBh, and Bayer AG attended the meeting.
The meeting kicked off the Presidents working visit to Germany.

Meanwhile, the Chamber of Commerce and Industry of Indonesia (Kadin) has
targeted the signing of several memoranda of understanding (MoUs)
between Indonesian and European companies to be realized during
President Jokowis visit to Europe from April 17 to 23, 2016.

President Jokowi is scheduled to visit four countries: Germany, Britain,
Belgium, and the Netherlands. He is being accompanied by several
Indonesian entrepreneurs of Kadin, including its chairman, Rosan Perkasa
Roeslani.

Rosan stated that the signing of MoUs in the presence of the President
was a concrete step towards boosting economic growth in Indonesia.

"The signing of MoUs in the presence of the President is a concrete
contribution to the nations economic development," he affirmed.(*)