Central Java Gains Spotlight as Key Destination for Foreign Investment

Central Java Gains Spotlight as Key Destination for Foreign Investment


Jakarta — As part of the government’s efforts to increase foreign investments to the country, the Ministry of Foreign Affairs on Friday (24/11) held an event in Jakarta to highlight and promote Central Java. The “Update From the Region” event, which took part at a four-star hotel in South Jakarta, showcased various popular commodities, with the province’s private and public sector in attendance, as a way to “bring Central Java closer to the global market.” The event was also attended by representatives from foreign embassies. During her remarks at the evening’s opening, Foreign Minister Retno Marsudi emphasized that Central Java “has a lot to offer and is one of the main destination for businesses investment and transaction. “You cannot understand Indonesia if you don’t visit and meet the people, the government, the private sectors from other parts of Indonesia. Today we bring you Central Java,” She added that the provincial government has simplified the process of investment and business set up, and expressed the hopes that the event will serve as a space for attendees to “explore and develop business interactions.” Central Java Governor Ganjar Pranowo, who was present at the event, the province is not only attractive but also worth the visit, “especially those who are looking to do business and make investments.” Ganjar said Central Java’s economy has grown above the national average in the past five years, and is continuing that trend. With a population of almost 35 million, the province boasts a range or commodities, such as coffee, furniture, batik and handicraft, as well as a number of tourist attractions, from Borobudur temple to Karimun Java. The province is also home to several industrial areas, including Kendal Industrial Park and Wijayakusuma Industrial Park. “Update from the Region” is a regular Foreign Affairs Ministry event that seeks to highlight different provinces across the archipelago and is part of a double-track effort to attract foreign investments to the country. Indonesian embassies abroad often organize their own events to promote different products and areas potential for foreign investors. President Joko Widodo is pro-inclusive growth and the government is doing its best to develop every part of Indonesia, including Central Java, Papua and other eastern parts of Indonesia,” Retno said. Indonesia has put economic diplomacy in its list of foreign policy priorities. The 2017 Ease of Doing Business Index by the World Bank placed Indonesia 72nd out of 190 countries, up 19 spots from last year.

Source: jakartaglobe.id