Jakarta (Antara Bali) - Head of the Capital Investment Coordinating Board (BKPM) Franky Sibarani has said Chinese investors have limited information about Indonesia.
"We could see from our talks with them many prospective investors from China did not proceed after submitting their applications for principle license , not because they are not interested but more because they have little information about the business potentials in the country," he said here on Wednesday.
The minimum information is one of the reasons for the low investment realization ratio of China in the country, Franky Sibarani, who recently accompanied President Joko Widodo on a visit to the world's second largest economy.
Another reason is that many prospective investors from China are in difficulty in finding good partners in the country, he added.
Some of the Chinese investors also express frustration with the lengthy licensing process and red tape and cheating they faced in the country. He said he had sought to convince them that the condition has improved , adding that he would form a team specially to facilitate Chinese investors.
"We also would continue to coordinate with our embassy and the Economic Bureau there to process the opening of a BKPM representative office," he said.
He said BKPM is set to attract more Chinese investors hoping to improve their investment realization ratio in Indonesia. In 2005-2014, Chinese investment realization ratio was only around 7 percent, far below Singapore's 40 percent and japan's 65 percent.
Earlier, BKPM said it was preparing the opening of an investment promotion representative office (IIPC) in China scheduled to be operational in the second quarter of 2015.
BKPM already has investment promotion representative office in eight countries including the United States (New York), Britain (London), Australia (Sidney), South Korea Seoul), Japan (Tokyo), Taiwan (Taipei), Abu Dhabi and Singapura. BKPM also plans to open one in Germany and India. (WDY)
COPYRIGHT © ANTARA News Bali 2015
"We could see from our talks with them many prospective investors from China did not proceed after submitting their applications for principle license , not because they are not interested but more because they have little information about the business potentials in the country," he said here on Wednesday.
The minimum information is one of the reasons for the low investment realization ratio of China in the country, Franky Sibarani, who recently accompanied President Joko Widodo on a visit to the world's second largest economy.
Another reason is that many prospective investors from China are in difficulty in finding good partners in the country, he added.
Some of the Chinese investors also express frustration with the lengthy licensing process and red tape and cheating they faced in the country. He said he had sought to convince them that the condition has improved , adding that he would form a team specially to facilitate Chinese investors.
"We also would continue to coordinate with our embassy and the Economic Bureau there to process the opening of a BKPM representative office," he said.
He said BKPM is set to attract more Chinese investors hoping to improve their investment realization ratio in Indonesia. In 2005-2014, Chinese investment realization ratio was only around 7 percent, far below Singapore's 40 percent and japan's 65 percent.
Earlier, BKPM said it was preparing the opening of an investment promotion representative office (IIPC) in China scheduled to be operational in the second quarter of 2015.
BKPM already has investment promotion representative office in eight countries including the United States (New York), Britain (London), Australia (Sidney), South Korea Seoul), Japan (Tokyo), Taiwan (Taipei), Abu Dhabi and Singapura. BKPM also plans to open one in Germany and India. (WDY)
Editor : I Gusti Bagus Widyantara
COPYRIGHT © ANTARA News Bali 2015