Solo, Central Java (ANTARA) - The Investment Ministry and Investment Coordinating Board (BKPM) has identified 47 sustainable projects in Indonesia to make it easier for investors to make investment decisions.

"It is hoped that this map can provide comprehensive opportunities to investors, provide convenience to them in making decisions. This (map) is also aligned with the government's agenda," BKPM's director of service and zone planning, Noor Fuad Fitrianto, said at the ‘Road to G20: Investment Forum’ in Solo, Central Java, on Wednesday.

The forum was themed “Encouraging the Acceleration of Sustainable and Inclusive Investment.”

Fitrianto said the 47 projects will need an investment of Rp155.12 trillion. Twelve of them are in the tourism sector with total funds of Rp5.78 trillion.

At least 15 projects in the industry sector will need an investment of Rp51.92 trillion, 14 projects in the economic sector will need Rp48.25 trillion in funding, and 6 projects in the infrastructure sector will require Rp49.17 trillion to implement, he informed.

"This mapping is complete and ready to be offered to potential investors," Fitrianto said.

Furthermore, the development agenda will bring consequences so government policies and strategies need to be equalized with the surrounding conditions, he added.

"(Besides) utilizing human resources and maintaining sustainability, investment is the main pillar of economic growth. Hence, inclusive and sustainable investment is an inevitability," he explained.

He further said that the situation aligns with the government's directives. "The government always offers environment-friendly technology, to use local labor, and capacity building. Investment can also bring added value nationally," Fitrianto said.

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Meanwhile, one of the G20's working groups that focuses on investment is the Trade, Investment, and Industry Working Group (TIIWG).

Trade Minister Muhammad Lutfi, along with the Minister of Investment and head of BKPM, Bahlil Lahadalia, and Industry Minister Agus Gumiwang Kartasasmita, inaugurated the TIIWG in Jakarta on February 8, 2022.

The second meeting of Indonesia's G20 TIIWG will take place in Solo city from June 6–9, 2022, and the third in Labuan Bajo, East Nusa Tenggara, from September 19–20, while the ministerial-level meeting will be held from September 21–23, according to the website.

Related news: Investment promotes economies' participation in value chains: study

Translator: Aris W, Kenzu T
Editor: Rahmad Nasution
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