"Based on directives from Head of BKPM Bahlil Lahadalia, we should not solely pay attention to new investors. This is since long-time investors have their own roles in encouraging investments, as they have participated when the country had faced limitations in facilities and infrastructure," Rizal Calvary Marimbo, BKPM's member of the Investment Committee for Communication and Information, stated here on Wednesday.
Marimbo noted that the BKPM will revitalize the role of long-time investors, both from domestic direct investment and foreign direct investments.
The BKPM has begun to tackle some obstacles experienced by long-time investors in the last few weeks, he stated.
He highlighted the need to resolve some obstacles encountered by long-time investors assisted by the BKPM, including land acquisition, completion of the Environmental Impact Analysis (Amdal), licensing issues, and also offering fiscal incentives.
Marimbo admitted that the idea of revitalizing the roles of long-time investors came from the investors. They met with BKPM Head Bahlil Lahadalia and conveyed their intent for reinvestment and re-expansion.
Some of those long-time investors in Indonesia comprise Indofood, Toyota, Malindo, Agung Sedayu, and Lippo Group.
Marimbo stated that those long-time investors were also prepared to cooperate with local entrepreneurs to empower the economy of the local community.
"One of the requirements for them is to cooperate with local entrepreneurs, and they do not mind supporting local entrepreneurs as long as the government really protects and facilitates their investments," he stated.
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