Jakarta (Antara Bali) - The Indonesia Chamber of Commerce and
Industry (Kadin) will establish a special agency to draw development
funding and another agency to attract investment flow in eastern
Indonesian regions.
While the funding agency will be named "East Indonesia Development
Funds," the investment institution to be set up in the form of a limited
liability will be called "East Indonesia Investment Company."
"This institution will optimize financing and investment needs in
the five priority sectors of energy, infrastructure, food, fisheries and
maritime affairs, besides ensuring access to funding," Kadins Vice
Chairman for Coordination in Eastern Regions Annar S. Sampetoding said
in his report on the Trade and Investment Forum of Kadins National
Working Meeting on Monday.
The five sectors were decided upon based on national priorities and
on the potential of various regions in the eastern parts of Indonesia.
In addition to establishing funding and investment agencies,
Sampetoding revealed that Kadin will also establish a cooperative of the
chamber for east Indonesia.
He emphasized that equitable development in Indonesia must be given
priority. Reducing the economic inequality between the eastern and
western regions of Indonesia must also be supported by synchronizing the
2015-2019 Mid-Term National Development Plan (RPJMN) with the
development plans of local governments.
East Indonesia requires the realization of infrastructure projects,
such as the marine toll road and power generation ventures, expedited
because infrastructure is an important pillar that has impacts on the
development of other economic sectors, Sampetoding stated.
One of the sectors that will see its infrastructural development
accelerated is the food sector, with the construction of irrigation
networks and reservoirs.
"In this case, the government also needs to speed up the
realization of the development program of food commodities, along with
the construction of irrigation facilities, dams, roads and other
villages," he pointed out.
Moreover, Kadin also encourages the development of the alternative energy sector.
Sampetoding noted that the chamber will initiate the signing of
cooperation agreements to build 25 biomass power plants in east
Indonesia.
"It will start in Morowali in Central Sulawesi," he affirmed.
Kadin also reported that it will form three integrated economic
sectors---a fisheries sector in Maluku, an agricultural sector in South
Sulawesi and a livestock sector in West Nusa Tenggara and East Nusa
Tenggara.
The cost to develop the three integrated economic sectors is estimated at more than US$50 million. (WDY)
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