Jakarta (ANTARA News) - The Capital Investment Coordinating Board (BKPM) has recommended that 48 companies be granted the green light facility for importing their machines and equipment.

The BKPM made the recommendation to the directorate general of excise and customs, asking it to provide the facility for 48 companies whose projects had entered the construction phase.

"We coordinated on December 10, 2015 and verified 48 companies which could be provided the green lane facility," Head of BKPM Franky Sibarani told a press conference here on Monday.

Of the 48 companies, 39 are foreign investment companies (PMA) and nine are domestic investment firms (PMDN) with an investment realization of Rp35 trillion. This is part of the total investment plans which are worth Rp127.7 trillion.

These companies are scattered across the country and employ 39,219 workers. They are doing business in sectors such as basic metal industry, metal industry, machines, electronics, food industry, electricity, gas, water, basic chemical industry, chemical goods, pharmacies, rubber industry, rubber-based products and plastic goods.

The other sectors included housing; office and industrial areas; transportation equipment and other transportation devices; transportation, warehousing and telecommunications; textile industry; hotel and restaurants; animal husbandry; paper industry and paper-based products and printing.

"We will communicate with these companies so that they can complete the required documents," Franky said.

He said there were a number of criteria for companies to obtain the green lane facility. Their projects should have entered the construction phase.

"This is not a difficult criterion to fulfill because it is a common condition," the BKPM head said.

He said companies should apply to the BKPM to seek such a facility, enclosing a report on their capital investment activities (LKMD).

"The LKPM should not be zero because it would only indicate that the companies concerned had no investment activities," noted Franky.

Such an applicant company is also requested to enclose factory development plans and importation stages.

Finally, it will be also required to enclose a letter stating that it will not misuse the importation facility. "This government policy is part of the efforts to accelerate the process of realization of the investment," he said.(*)

Editor: Heru Purwanto
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