Two Major Obstacles For Investors

Jakarta  (Antara Bali) - M.S. Hidayat, Indonesia's Minister for Industry, said the country's inefficient bureaucracy and legal uncertainty are hindering the growth of national investments in the industrial sector.
       
"An inefficient bureaucracy hinders the growth of national investments, especially in the industrial sector. In addition, legal uncertainty is a major concern for investors," said the minister during a national meeting on Wednesday.
       
According to Hidayat, although Indonesia has recently experienced macroeconomic growth, the government has to face many challenges in the development of the industrial sector.
       
"Indonesia's economy is growing at a fast pace. In fact, in Asia, Indonesia¿s economic growth is ranked second, after China's economic growth. At the beginning of 2010, we started facing difficulties since 220 (out of 3,000) domestic commodities were less competitive than China's," he pointed out.
       
He said the national industrial sector had been experiencing growth until the end of 2011, amounting to 2.85 percent, compared to the growth in 2010, which was only 2.5 percent.(*/M038)