BKPM Promotes Its One Stop Integrated Service In Japan

Jakarta (Antara Bali) - The Capital Investment Coordinating Board (BKPM) has promoted its 'one stop integrated service'(PTSP) at an Indonesian Business Forum in Tokyo.

BKPM chief Franky Sibarani said in a statement on Wednesday that the investment board wanted to convince Japanese investors at the Indonesian Business Forum held on Tuesday that the government is set to simplify the licensing procedures.

Red tape in licensing has been on  of the drags often complained by prospective Japanese investors in the country. BKPM specified the conditions, guarantee in time  and cost needed by prospective investors to obtain investment license, as well as early information on land needed and land price.

"During last week visit to Japan by Vice President Jusuf Kalla the issue of investment license was also raised by Japanese investors," Franky said.

At that time the vice president explained steps taken by the government to simplify the licensing procedure, he said.

He, who accompanied President Joko Widodo on a visit to Japan,  said the promotion campaign was also covered by NHK, the Japanese state television broadcasting station.  The perception of Japanese investors of investment in Indonesia is quite good.  A survey by Japan Bank International Cooperation (JBIC) 2014, placed Indonesia second in the ranks of countries most promising for investors after India. (WDY)