Domestic investments dominate in Central Java: official

Domestic investments dominate in Central Java: official

Central Java Investment and One-Stop Integrated Service Office head Ratna Kawuri (second from left) speaking at the 2021 Temanggung Investment Forum in Temanggung, Central Java, on Tuesday (December 7, 2021). (ANTARA/Hetu Suyitno)

This means domestic investments in the province remain strong and reliable and is proof that we cater domestic and minor investments with equal quality as foreign investments
Temanggung, Central Java (ANTARA) - The flow of domestic investments in Central Java has remained strong in spite of the COVID-19 pandemic, Central Java Investment and One-Stop Integrated Service Office Head Ratna Kawuri has informed.

 

"We have recorded that contributions from domestic investors to the province remain high, compared with foreign investors, despite the COVID-19 pandemic," Kawuri said during the 2021 Temanggung Investment Forum in Temanggung, Central Java, on Tuesday.

 

Investments of Rp38.19 trillion (around US$2.67 billion) -- comprising Rp23.8 trillion (around US$1.66 billion) in domestic investment and Rp14.31 trillion (around US$1.001 billion) in foreign investment -- have been realized in the province as of the third quarter of 2021, she reported.


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Domestic investors contributed around 60 percent of the investments in the province in the 2020–2021 period, compared to 2019, when foreign investments dominated in the province, she said.

 

"This means domestic investments in the province remain strong and reliable and is proof that we cater domestic and minor investments with equal quality as foreign investments," Kawuri remarked.

 

The investment realization report this year is yet to include micro- and small-scale enterprises (MSEs), she stated, implying the value of the total investment may be higher than reported.

 

"This was despite around 300 thousand MSEs that collectively recorded a total value of Rp3.67 trillion (around US$256 million) -- ninth highest in Central Java -- have been recorded in the province until the third quarter of 2021," the office head said.

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Moreover, Temanggung District Investment Office head Manda Kartiko informed that only 118 hectares of the total 500 hectares of land assigned for industrial purposes in Kranggan and Pringsurat sub-districts has been utilized as of the first half of 2021.

 

"We still have around 400 hectares of land remain open for investments in the district," Kartiko said.


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Meanwhile, Temanggung district head M Al Khadziq said that the pandemic earlier prompted interested parties to withdraw their investment plans in Temanggung, and the current economic recovery has allowed the authority to again approach those parties and convince them to proceed with their investment in the district.

 

"We hope their confidence to invest in Temanggung returns, and they contribute to reinvigorating the district's economy," the district head added.


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