"I commend the BPKM that has been working hard even in the midst of the COVID-19 pandemic, such as now," the head of state noted in his virtual remarks during the signing of a document on cooperation for partnership between Foreign Investment (PMA) and Domestic Investment (PMDN), and Micro-, Small-, and Medium-Scale Enterprises (MSMEs) at the Bogor Palace here on Monday.
The head of state noted that the BKPM had continued to expedite the investment process, right from simplifying the licensing process to facilitating investors as optimally as possible and serving them, so that both domestic and foreign investment recorded rapid growth and opened up jobs and contributed significantly to boosting the promotion of MSMEs in Indonesia.
Related news: 153 companies to invest in Indonesia after Omnibus law approval
Related news: Slight rise in investment realization in Q3 2020: BKPM
In connection with the cooperation-signing event in the context of foreign and domestic investment partnerships with MSMEs, the head of state highlighted the significance of partnership between MSMEs and large businesses, so that MSMEs can enter the global production chain.
The president expressed optimism that MSMEs would incessantly learn and increase the quality of management products and the product design in addition to capitalizing on the collaboration with large businesses, so they could later be able to raise their level.
"We will continue to develop strategic partnerships between large companies and MSMEs in line with the principle of mutual benefit and raise competitiveness in the global market," he added. (INE)
Related news: BKPM facilitates partnership worth Rp1.5 tln for businesses, MSMEs