Tue, 19 Jul 2011

TEMPO Interactive, Purwakarta:Purwakarta regency government is optimistic about achieving its Rp100 trillion investment target. Last year, investments were only Rp50 trillion, while up to mid-July this year investments reached Rp60 trillion.

Regent Dedi Mulyadi said investments had reached Rp45-50 trillion from the development of three major factories; PT Indorama Synthetics, PT South Pacific Viscose and PT Indo-Bharat Rayon. The rest came from scores of new factories in the garment, automotive and cattle farming sectors.

New companies and the development of big factories is also expected to create jobs in the region. “I’m estimating 30,000 new workers will be hired,” Dedi told Tempo yesterday.

Purwakarta’s Indonesian Businessmen Association secretary, Darius Kridanu Purwana, said the increasing rate of investment was due to positive business trends. “The permit process is easy and legal certainty is also secured,” he said.