“The West Java provincial government is offering an alternative scheme for partnership and investment by involving the private sector in financing infrastructure development," head of the Bank Indonesia representative office in West Java, Herawanto, noted in a written statement that was received here on Wednesday.
In the last three years, the alternative scheme has helped West Java achieve average economic growth of 5.4 percent, which is higher than the average national economic growth of 5.1 percent.
Meanwhile, West Java Governor Ridwan Kamil has said he is optimistic the province's economic recovery can be driven by investment inflow, supported by quality infrastructure and human resources.
Governor Kamil also listed seven economic sectors that are expected to become West Java’s strength — investment, food self-sufficiency, health sector, manufacturing industry, digital innovation, green business sustainability, and tourism sector.
To attract more investment into the province, Bank Indonesia and the provincial government along with the West Java One Stop Investment and Integrated Services Office organized the 2020 West Java Investment Summit (WJIS) on November 16-17, 2020.
The event showcased investment projects in the infrastructure, industry, and trade sectors, especially those in the Rebana Metropolitan area of West Java.
Rebana Metropolitan is a northern/northeastern area in West Java province that includes the six districts of Sumedang, Majalengka, Cirebon, Subang, Indramayu, and Kuningan and the city of Cirebon.
Kamil said the Rebana Metropolitan area is expected to become a driver of economic growth in West Java in future through the development of an integrated, innovative, collaborative, highly competitive, and sustainable industrial estate.
Several discussions, trade and tourism webinars, as well as some one-on-one business meetings were organized as part of the 2020 WJIS.
The event was officially opened by the Governor of Bank Indonesia, Perry Warjiyo, West Java Governor Ridwan Kamil, and head of the Investment Coordinating Board (BKPM), Bahlil Lahadalia.
The theme for this year’s event was ‘Invest in West Java for Better Future: Life, Work, and Play’. More than 500 investors and 13 project owners and strategic partners participated in the event this year.
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Translator: Yuni Arisandy Sinaga
Editor: Rahmad Nasution
Copyright © ANTARA 2020
