Malaysia vows to improve investment in Indonesia

Malaysia will send 20 to 30 businesspersons who are interested to investment in electricity, toll road, plantation, and food industries sectors.
Jakarta (ANTARA News) - Malaysia is committed to improve its investment in Indonesia by sending a business delegation along with several ministers, stated Head of the Investment Coordinating Board (BKPM) Franky Sibarani.

"Malaysia will send 20 to 30 businesspersons who are interested to investment in electricity, toll road, plantation, and food industries sectors," he noted here, Tuesday.

According to Sibarani, the business delegation will directly hear explanations regarding the potential areas of investment as well as permission service reform and incentives.

The BKPM has recorded an increasing trend of Malaysian investment in Indonesia.

In 2014, Malaysias investment realization in Indonesia reached US$1.77 billion and ranked third among the investing countries in Indonesia.

The amount drastically increased as compared to US$711.26 million recorded in 2013.

The investment realization of Malaysia in Indonesia during 2010-2014 reached US$4.1 billion from 1,898 projects.

Malaysian investments are in the construction, food plantation, and food industry sectors, he pointed out.

"The potential areas of investment for Malaysia are huge as the ratio reaches 33 percent. It means that significant amount of investment can be encouraged to be immediately realized, apart from the new investments," Sibarani stated.

Director of Sectorial Promotion of BKPM Ikmal Lukman remarked that the investment market team is exploring the interests of Malaysian investors who are keen to invest in the automotive component industry.

"At the moment, investors are exploring possibilities with the industry regional management regarding the location to invest in this sector," he added.(*)

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