1 month ago
69
January 3, 2025 | 08:18 pm
TEMPO.CO, Jakarta - Investment Minister Rosan Roeslani has set an investment target of Rp13,032 trillion for the 2025-2029 period. This target aims to drive economic growth to 8% by 2029.
“In 2025, the investment is expected to reach Rp1,905 trillion, with a total investment from 2025 to 2029 projected to exceed Rp13,000 trillion, specifically Rp13,032 trillion. This target was presented to the President,” he stated in a press statement at the Presidential Palace Complex, Jakarta, on Thursday, January 2, 2025.
This investment influx is expected to generate quality jobs and serve as a driving force of national economic growth. “This is particularly crucial to achieving the 8% economic growth target set by the Ministry of National Development Planning (Bappenas),” he emphasized.
Downstream industries are poised to play a pivotal role in attracting investment to Indonesia. Rosan expressed hope that the contribution of investment to Gross Domestic Product (GDP), currently ranging between 24-25%, can be significantly increased.
Rosan also highlighted the outcome of his recent visit to China, which yielded investment commitments of US$7.46 billion from four companies. These investments will be directed towards various sectors, including fiberglass, solar panels, and fisheries.
“For example, BYD, which has already acquired land in the Subang area, is expected to commence manufacturing operations early next year,” he noted.
Apart from China, Indonesia anticipates significant investment inflows from the United States, the Middle East, and other countries. While acknowledging the challenging nature of this target, Minister Rosan emphasized the critical importance of strong inter-ministerial collaboration and coordination to achieve this goal.
“This is not an easy task. This is a very tough job so cooperation and coordination from all related ministries are expected,” Rosan emphasized.
With this investment target, the government is optimistic about its ability to strengthen the national economy, create jobs, and solidify Indonesia's position as a highly competitive investment destination on the global stage.
Editor’s Choice: Minister Airlangga Comments on IMF's Praise of Indonesia's Economy
Click here to get the latest news updates from Tempo on Google News
Apple's Indonesia Investment: Face-to-Face Negotiations Set for Next Week
2 jam lalu
The Industry Ministry will meet with Apple Inc. next week to engage in more specific discussions regarding Apple's proposed investment in Indonesia.
Industry Ministry Sets Clear Conditions for Apple's Investment in Indonesia
3 jam lalu
The government encourages Apple to opt for the first scheme, namely investment in production facilities or factories.
DWP Extortion Case Harms Indonesia's Diplomacy, Says Expert
22 jam lalu
The number of victims of the DWP extortion case is expected to rise.
Press Freedom Index Declines in 2024, Threats to Press Freedom Continue to Occur in Indonesia
1 hari lalu
The increase in reports of violence against journalists was then followed by a decline in the national press freedom index in Indonesia.
Those Who Strive for Indonesia's Democracy
2 hari lalu
Despite various pressures, civil society movements provided much hope in 2024. They need to be more solid and strategically directed.
Malaysian Company Will Invest in IKN, Basuki Hadimuljono Claims
2 hari lalu
IKN Authority Head says several investors are ready to invest in IKN, among them a Malaysian company.
Indonesian Govt Urged to Cancel 12 Percent VAT Implementation
2 hari lalu
The Maklumat Juanda Community demanded the government not burden the people by canceling the implementation of the 12 percent value-added tax or VAT.
Minister Airlangga Comments on IMF's Praise of Indonesia's Economy
3 hari lalu
The International Monetary Fund (IMF) wrote that over the past two decades, Indonesia has undergone a remarkable transformation.
Jakarta BNNP Predicts Rise in Drug Distribution in 2025 Amid Weakening Economy
3 hari lalu
The Jakarta Provincial Narcotics Agency (BNNP Jakarta) has talked about a potential increase in drug distribution activities in 2025.
Health Ministry: No Report of Flu A and HMPV Cases in Indonesia Yet
3 hari lalu
Indonesian Health Ministry confirmed that there have been no reports of influenza type A (Flu A) & Human metapneumovirus (HMPV) cases in Indonesia.
