A series of governmental efforts to increase investment in the industrial sector: Okezone's economy





JAKARTA – Government continues to seek to improve value investment, both from domestic investment (PMDN) and from foreign investment (PMA). Investments, particularly in the industrial sector, are one of the important pillars in the management of national economic growth.

As stated on the official Instagram of the Ministry of Industry, the number of industrial and medium-sized industrial enterprises increased by 5,898 business units to 30,992 business units on Tuesday (11/20/2018) between 2014-2018. Meanwhile, in the small industry, there has been an increase of up to 970,000 small industries to 4.49 million business units.

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Investments in the manufacturing sector also amounted to 274,09 trillion CSFs in 2017, and in the first half of 2018 investment investment exceeded 121,56 trillion CSF. While government investment has increased, the government has issued various kinds of policies, such as providing incentive facilities in the form of tax relief, tax holidays, and government obligations. In addition, it also applies to Online Single Submission (OSS).

Another instrument put in place by the government to regulate investments was to establish a negative investment list (DNI). It includes any business sector that is completely closed to investment and the business sector that is open to certain requirements. The government announced DNI's relaxation policy, which revised the President's Decree No. 44 of 2016 as part of the XVI economic policy package. The goal of DNI relaxation is to support investment in domestic and foreign investment so that policy is more focused on promotion.

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Due to DNI relaxation policy, therefore, new investments are needed to produce additional processed products with high added value. The government also maintains a number of business areas for the protection of MSME business stakeholders. Business areas that are open to requirements for MSME and cooperatives include tempe, tofu and soy foods, the brown sugar industry, the batik industry, the embroidery industry, the rubber industry, and so on.

(fbn)



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