Central-regional govt’s collaboration important to attract investment

Jakarta – Minister of Investment/Head of the Coordinating Board of Investment (BKPM) Bahlil Lahadalia stressed the importance of synergistic collaboration between central and regional governments to tackle hurdles in attracting investment.

The government will not only focus on investment growth but it will also attract qualified investments that can help balance the economic growth. The government has the task to simplify the licensing process to enable business sector to create more jobs.

The ministry has planned to launch the Risk-based Business Licensing (PPBR) through One Single Submission (OSS) on July 2. Providing the integrated licensing services for business players, including micro, small and medium scale enterprises (MSMEs), is aimed at implementing the Job Creation Law No.11/2020 to accelerate business licensing process in Indonesia.

Meanwhile, West Sumatra Governor Mahyeldi Ansharullah said investments in his province would bring positive impacts as they would create jobs; increase purchasing power; and improve people’s welfare.