They surely will be attracted to invest (in Indonesia), as we have a vast populationJakarta (ANTARA) - Industry Minister Agus Gumiwang Kartasasmita drew attention to the fact that foreign investors had brought up the two issues of land and labor before they invest in Indonesia.
"What I gauged from my visit to some countries to promote investment is that foreign investors have highlighted the two issues," Kartasasmita noted during an online seminar here on Thursday.
The minister pointed out that the two issues were discussed during a deliberation of the draft omnibus bill on job creation.
"Investors have applauded the draft bill on job creation for facilitating a more conducive investment climate," he stated.
Indonesia, with its huge population, has the opportunity to attract investors to relocate their factories from China, the minister noted.
"They surely will be attracted to invest (in Indonesia), as we have a vast population," he pointed out.
To this end, Indonesia will need to create a conducive climate for investment to attract more foreign investors, Kartasasmita stated.
The omnibus bill on job creation was proposed by the Indonesian government, and its final draft was submitted to the Parliament in February this year. The bill will amend 73 prevailing laws on business and investment as well as regulations on manpower, bringing them under a single law.
Supporters claim that the bill aims to boost domestic and foreign investment inflows while creating a more attractive investment climate in the subsequent five years since the president’s re-election last year.
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Translator: Sella Panduarsa G, Sri Haryati
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