Indonesian Political, Business & Finance News

NTB Governor Guarantees Investor-Friendly Regulations for Four Years

| Source: ANTARA_ID Translated from Indonesian | Investasi dan Regulasi Bisnis
NTB Governor Guarantees Investor-Friendly Regulations for Four Years
Image: ANTARA_ID

Mataram (ANTARA) - The West Nusa Tenggara (NTB) Provincial Government guarantees investor-friendly policies to support the development of the shrimp industry, aiming to increase the added value of the regional fisheries sector.

NTB Governor Lalu Muhamad Iqbal emphasised that his administration intends to make NTB an investor-friendly province while maintaining a balance between economic growth and environmental preservation.

“I can provide a guarantee that for the next four years, we will not implement regulations that are unfriendly to investors at the provincial level,” he stated during a discussion on the downstreaming of the shrimp pond industry in Mataram on Friday.

Iqbal noted that healthy investment must provide profits for businesses, benefits for the community, and ensure the sustainability of the ecosystem.

He ensured that the local government would maintain policy stability and avoid issuing regulations that hinder business in West Nusa Tenggara. Regulatory certainty is a crucial factor in attracting investment to the fisheries sector.

“We do not want to gain money now, only for everything to die tomorrow because the environment is damaged. We want shrimp ponds to coexist with tourism,” Iqbal asserted.

The NTB government continues to strive to encourage downstreaming so that fishery products can be processed and exported directly from the region without being sold as raw materials, thereby increasing economic revenue for West Nusa Tenggara.

The Head of the NTB Marine and Fisheries Office, Muslim, stated that the government has prepared various concrete steps to support investment, starting from preparing feasibility studies and technical planning documents for shrimp downstreaming, as well as being ready to facilitate land, including a potential 100 hectares at Lombok Airport.

The NTB government emphasised the immediate formation of an integrated team to accelerate the investment licensing process as a priority support in speeding up capital investment permits.

In 2025, West Nusa Tenggara produced more than 198,000 tonnes of Vannamei shrimp. This abundant production serves as strong capital for the development of the shrimp processing industry.

The General Chairman of the Shrimp Club Indonesia, Andi Tamsil, views regulatory certainty as a primary need for business players when investing in West Nusa Tenggara.

He emphasised that shrimp larvae must be certified disease-free and the use of prohibited antibiotics must be avoided to ensure that shrimp products from West Nusa Tenggara are accepted in international markets.

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