Indonesia promotes investment policy reforms in Germany

Jakarta (ANTARA News) - The Capital Investment Coordinating Board (BKPM) promoted Indonesias investment policy reforms in a business forum in Berlin, Germany, Monday.
The business forum, which was attended by 250 German investors, was held in connection with the visit of President Joko Widodo (Jokowi), who also attended the forum.
Indonesia explained in the forum about the facilities the Indonesian government will provide to all those who want to invest in Indonesia, BKPM Chief Franky Sibarani said in a press statement here Monday.
Would-be investors can simply visit the BKPM office to obtain investment services. The services included consultation and business permits and facilities once they realized their investment.
"BKPM serves as One Stop Shop for investment. Investors can simply meet the marketing officers in charge of German affairs to get assistance and services from 22 ministries/state institutions at the one-stop integrated service center (PTSP) where would-be investors could handle various business permits, a three-hour license service and assistance when they are in the process of realizing their investment," the BKPM head said.
Franky also stressed the governments commitment to carrying out investment policy reforms to support the ease of doing business in Indonesia.
The BKPM chief also explained the revision of Negative Investment List (DNI) for the industrial sector, pharmacy and e-commerce.
Based on the BKPM data, the German investment in Indonesia in the 2010-2015 period totaled 547 projects worth US$552 million or Rp5.2 trillion. The projects absorbed 38,382 workers.
The German investment in Indonesia is relatively small when compared with its total investment around the world. FDI Markets Financial Times data showed that it only accounted for one percent of Germanys total investment around the world.
President Jokowi, in the company of several ministers, met the chief executive officers (CEOs) of German companies to draw more investment to Indonesia.
The meeting was held Monday at the Hotel Adlon Kempinsky in Berlin, the capital of the German Federal Republic.
The Indonesian representatives attending the meeting included Coordinating Minister for Economic Affairs Darmin Nasution, Foreign Affairs Minister Retno Marsudi, Head of the Investment Coordinating Board Franky Sibarani, and Cabinet Secretary Pramono Anung, in addition to Indonesian Ambassador to Germany Fauzi Bowo.
The CEOs from several German companies such as Mayer Werf GambH & Co KG, Ferrostaal GmBh, and Bayer AG attended the meeting.
The meeting kicked off the Presidents working visit to Germany.
Meanwhile, the Chamber of Commerce and Industry of Indonesia (Kadin) has targeted the signing of several memoranda of understanding (MoUs) between Indonesian and European companies to be realized during President Jokowis visit to Europe from April 17 to 23, 2016.
President Jokowi is scheduled to visit four countries: Germany, Britain, Belgium, and the Netherlands. He is being accompanied by several Indonesian entrepreneurs of Kadin, including its chairman, Rosan Perkasa Roeslani.
Rosan stated that the signing of MoUs in the presence of the President was a concrete step towards boosting economic growth in Indonesia.
"The signing of MoUs in the presence of the President is a concrete contribution to the nations economic development," he affirmed.(*)