Jakarta (Antara Bali) - The Indonesian Investment Coordinating Board has offered easy investment services, called KLIK, and a three-hour investment licensing facility in the infrastructure field, to 100 investors from South Korea attending a Korean Business Dialogue.
The new services were expected to lure more South Korean investors to invest in Indonesia, BKPM Chief Franky Sibarani said in a press statement here on Tuesday.
KLIK is a new mechanism that allows investors to begin construction even as the application process for building permits (IMB), environmental licenses and other regional licenses is still underway.
Korean investors could benefit from both KLIK and the three-hour service, he stated.
The value of Korean investment in Indonesia was recorded at US$1.2 billion in 2015, an increase of 7.6 percent from the previous year.
During the 2010-2015 period, South Korea invested a total of US$8 billion in Indonesia. Some 45 percent of the investment was in the metal industry field.
The Korean Business Dialogue was organized by the Korean Chamber of Commerce and Industry (KCCI), Kocham, and the Korean Trade and Investment Promotion Agency (KOTRA).
Indonesian Trade Minister Thomas Lembong and South Korean Ambassador to Indonesia Cho Tae Young were present in the meeting.
The KLIK scheme was issued as part of the third package of reforms issued by the Joko Widodo (Jokowi) administration within 15 months of holding the executive power.
The two previous reforms were the One-Stop Investment Service (PTSP) launched by President Jokowi on January 26, 2015, and the three-hour Investment Licensing Service, kicked off by Vice President M Jusuf Kalla, on January 11, 2016.
The simplified investment services are applicable in 14 industrial zones covering 10,022 ha of the 17,154 ha total industrial zone areas, located in nine districts and cities in six Indonesian provinces.
The 14 industrial zones are Kendal (700 ha), Bukit Semarang Baru (40 ha), Wijayakusuma (100 ha), Java Integrated Industrial and Port Estate (1,761 h), Bantaeng (3,000 ha), Modern Cikande Industrial Estate (1,800 ha), Wilmar (800 ha), Krakatau Industrial Estate Cilegon (570 ha), Bekasi Fajar Industrial Estate (300 ha), Delta Silicon 8 (158 ha), Internasional Industrial City (293 ha), Suryacipta City of Industry (300 ha), GT Tech Park (100 ha), and Medan (100 ha). (WDY)
COPYRIGHT © ANTARA News Bali 2016
The new services were expected to lure more South Korean investors to invest in Indonesia, BKPM Chief Franky Sibarani said in a press statement here on Tuesday.
KLIK is a new mechanism that allows investors to begin construction even as the application process for building permits (IMB), environmental licenses and other regional licenses is still underway.
Korean investors could benefit from both KLIK and the three-hour service, he stated.
The value of Korean investment in Indonesia was recorded at US$1.2 billion in 2015, an increase of 7.6 percent from the previous year.
During the 2010-2015 period, South Korea invested a total of US$8 billion in Indonesia. Some 45 percent of the investment was in the metal industry field.
The Korean Business Dialogue was organized by the Korean Chamber of Commerce and Industry (KCCI), Kocham, and the Korean Trade and Investment Promotion Agency (KOTRA).
Indonesian Trade Minister Thomas Lembong and South Korean Ambassador to Indonesia Cho Tae Young were present in the meeting.
The KLIK scheme was issued as part of the third package of reforms issued by the Joko Widodo (Jokowi) administration within 15 months of holding the executive power.
The two previous reforms were the One-Stop Investment Service (PTSP) launched by President Jokowi on January 26, 2015, and the three-hour Investment Licensing Service, kicked off by Vice President M Jusuf Kalla, on January 11, 2016.
The simplified investment services are applicable in 14 industrial zones covering 10,022 ha of the 17,154 ha total industrial zone areas, located in nine districts and cities in six Indonesian provinces.
The 14 industrial zones are Kendal (700 ha), Bukit Semarang Baru (40 ha), Wijayakusuma (100 ha), Java Integrated Industrial and Port Estate (1,761 h), Bantaeng (3,000 ha), Modern Cikande Industrial Estate (1,800 ha), Wilmar (800 ha), Krakatau Industrial Estate Cilegon (570 ha), Bekasi Fajar Industrial Estate (300 ha), Delta Silicon 8 (158 ha), Internasional Industrial City (293 ha), Suryacipta City of Industry (300 ha), GT Tech Park (100 ha), and Medan (100 ha). (WDY)
Editor : I Gusti Bagus Widyantara
COPYRIGHT © ANTARA News Bali 2016