"Despite threats of global economic slowdown we remain optimistic investment will continue to grow" chief of National Investment Coordinating Board (BKPM) Gita Wirjawan said.
Jakarta (ANTARA News) - Indonesia expects investment to reach Rp283.5 trillion in 2012 or to grow 12.81 percent compared to the figure in 2011 which was recorded at Rp251.3 trillion.

"Despite threats of global economic slowdown we remain optimistic investment will continue to grow" chief of National Investment Coordinating Board (BKPM) Gita Wirjawan said here on Thursday.

Gita Wirjawan who is also minister of trade said the current global crisis provides an opportunity for Indonesia to attract investors now looking to the emerging markets for their investment.

He said the government had already taken various efforts to that effect such as improving investment atmosphere, providing attractive incentives and conducting integrated promotion efforts that have been responded well by both domestic and foreign investors.

BKPM announced actual foreign and domestic investment reached Rp251.3 trillion in 2011 up 20.5 percent from Rp209.5 trillion recorded in 2010.

"The significant hike in actual domestic and foreign investment

is reflection of Indonesia`s improved debt rating by international ratings agencies Fitch Rating and Moody`s to an investment grade," he said.

Gita said among sectors attractive to investors in 2012 are food, energy, mining, manufacturing, infrastructure, tourism, and automotive industries.

"Posco Korea, Hankook, Toyota and Daihatsu have expressed their commitment to increasing their production capacity here. Besides manufacturing many investors would also enter infrastructure, energy and chemical sectors," he said.

Gita hoped foreign investment would grow up to around 15 percent in 2012 from around US$20 billion in 2011.

To achieve that Gita emphasized the importance of keeping the country`s investment atmosphere clean.

"In terms of regulations investors certainly will see the implementation of the law on land acquisition as well as tax holiday and the Government Regulation Number 52 of 2011 which is the revision of Government Regulation Number 62 of 2008 on tax allowance facilities," he said.(*)

Editor: Heru Purwanto
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