The Indonesian Government is focusing on expanding industrial parks (IP) across the country in a hope of attracting more investment and promoting the equal development as well as economic growth in the country. According to Minister of Industry Agus Gumiwang Kartasasmita, to this end, the country needs to complete the infrastructure system in IPs, thus increasing attractiveness and competitiveness. He said that the ministry is working with relevant agencies to encourage the development of synthetic IPs. He held that Indonesia is still a major destination of investors around the world.

The expansion of IPs will make duo effects to the national economy thanks to the attraction of investment and the increased added value of domestic raw materials, helping create jobs for local labourers and earning more foreign currency from exports, the minister said. He held that the IPs play an important role in promoting the country’s economic recovery amid COVID-19 impacts, as investment in production sector is likely to strengthen industrial activities in the region. In the first quarter of 2021, Indonesia’s processing sector attracted over 6 billion USD, up 38 percent year on year.
According to the ministry's Director General of industrial security, zoning and international access Eko S.A. Cahyanto, the number and area of Indonesia have risen in the past five years. Particularly, apart from Java, industrial real estate has expanded in 14 regions with over 8,664 hectares of additional area in 2020. Currently, Indonesia has 132 IPs with total area of more than 57,000 hectares, which have been ready for potential investors, he said.

Source: https://en.vietnamplus.vn/indonesia-expands-ips-to-lure-more-investment/204148.vnp