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Government Success in Business Cooperation and Attracting Investor Interest in Indonesia

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By: Ahmad Dzul Ilmi Muis)*

The success of the Government of Indonesia in continuing to cooperate in the business sector and being able to attract more and more investors to invest in Indonesia is clear evidence of President Joko Widodo’s excellent work and programs.

Recently, it was discovered that there were 6 (six) companies that officially invested or made investments in the Wiraraja Industrial Park event which was held in Kabil, Batam, Riau Islands. It was not half-hearted, even the investment value provided by the six companies reached up to 800 million US Dollars or 12 trillion Rupiah.

For information, the six companies that have entered and invested in Indonesia include PT Apollo Solar Indonesia, PT Marubeni Global Indonesia, PT Tynergy Technology Group, PT Wiraraja Yunan International, PT Alpha Solar Indonesia and Jaya Electrical Energy.

The Government of the Republic of Indonesia (RI) has continued to do various ways, especially since the era of President Joko Widodo (Jokowi) to be able to attract more and more investors to continue to increase their investment in the country.

Some of the Government’s efforts include Indonesia’s participation as Hannover Messe’s Country Partner in 2023, which later actually paid off with the company’s investment in Batam.

Regarding the ongoing efforts by the Government of Indonesia to further support cooperation in the business sector and also continue to attract a lot of interest from investors to make their investments, the Director General of Resilience, Regional and International Industrial Access (Dirjen KPAII) Ministry of Industry of the Republic of Indonesia (Kemenperin RI), Eko SA Cahyanto stated that his party would continue to encourage promotions.

Not without reason, of course the promotion that continues to be carried out by the Indonesian Ministry of Industry is useful to further accelerate the realization of efforts so that foreign investment can continue to enter the country.

It is not half-hearted, even with the investment made by the six companies in Indonesia it is also projected that in the future it will be increasingly able to create and increase the number of jobs which of course will be very useful for all people in the country, even opening up to 13 jobs. thousand people.

Furthermore, it is true that the support that Indonesia has received from various  stakeholders  or related stakeholders is very important for the sustainability of the national investment climate. Some of them are the role of the Consulate General in Los Angeles who continues to provide facilities.

The Indonesian Consulate General in Los Angeles is not even just providing facility assistance, but they also continue to coordinate with the Indonesian Ministry of Industry, especially on investment plans from Tynergy in Indonesia.

Meanwhile, the Coordinating Minister for the Economy, Airlangga Hartarto explained that there were indeed several factors that made Indonesia increasingly attractive to investors. The reason is, this nation is one of the G20 member countries which has proven to be the most successful in carrying out economic recovery.

It should be noted that the national economy itself has managed to continue to experience growth of up to 5.03% (percent) on an annual basis (YoY) in the first quarter of 2023. Of course, the success of continuing economic growth is clear evidence that Indonesia itself is a nation capable of coping very well with the impact of the Covid-19 pandemic.

Of course, it cannot be denied that the Grand Opening of the six companies investing in Indonesia is also a very important moment for this nation. How could it not be, because with the incoming investment value, it is also able to further support the national economic recovery which was even good before.

Also included, with the investment from the company is able to further increase the competitiveness of the industry and further accelerate the growth of the national economy. Several other things that are increasingly attractive in the eyes of investors to invest in Indonesia are not just because of promotions, but also because the Government of Indonesia continues to provide many conveniences for investment activities.

The Indonesian government itself has also provided various kinds of investment incentives which are also very promising for any company. Some of them are  tax  holidays, tax allowances, import duty exemptions and  super tax deductions  to further attract investors to invest in Indonesia.

It is proven that the interest of investors to invest in Indonesia and also the many collaborations in the business sector is one of the many successes that have been pursued by the Government, especially during the era of President Joko Widodo’s leadership.

)* The author is an Alumni of FISIP Unair

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