Indonesia invites global investors in down streaming development

Minister of Investment and Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia invited global investors to partake in the development of Indonesia’s downstreaming industry. While opening the panel discussion at the Indonesian Pavilion in the 2023 World Economic Forum (WEF) in Davos, Switzerland, Wednesday (January 18), the minister reiterated Indonesia’s determination to create added value through green energy and industry-oriented downstreaming.¬†ndonesia’s downstreaming policy strategy would not focus on the nickel commodity alone, as Indonesia has set eight priority sectors of mineral, coal, oil, gas, agriculture, maritime, fishery, and forestry, as well as 12 of its derivatives. The strategy has been implemented, and according to the plan, the investment value would reach US$545.3 billion by 2035, he noted.
While admitting Indonesia’s fight for downstreaming in its own land is not welcomed by some parts of the global community, Lahadalia underscored that it is a must to help develop Indonesia as an advanced country. Indonesia and other developing countries are aspiring to embark on the same step as developed countries, he stated.The minister remarked that apart from benefiting investors and entrepreneurs, the Indonesian government is also exerting efforts to ensure regional authorities and local MSMEs grow together and benefit from the downstreaming process.