Investment Minister Bahlil Lahadalia is optimistic that the investment realization target of IDR 1,200 trillion this year can be achieved. For this reason, he targets foreign investment to increase by 30% this year. "In 2022, our investment target is IDR 1,200 trillion, this is a big burden," Bahlil said at the 2021 Investment Realization Achievement Award to the Regional Head, Jakarta, Wednesday (16/2). He explained that the increase in the investment target as one of the conditions for economic growth this year could reach a level above 5%. Considering the contribution of foreign investment to the national economy is quite large. For this reason, he asked regional heads at the provincial and district or city levels to cooperate with the central government, particularly in encouraging the downstream of Indonesian natural resource products to generate added value. He did not want any more raw materials to be exported before being processed domestically. "Don't export raw goods, we will stop this year starting with nickel," he said.
Meanwhile, this year there will be CATL and LG factories in East Halmahera that will manage nickel. Some of the downstream products will be processed in the Batang industrial area, Central Java. This downstream is the government's effort to build an electric car battery ecosystem. "We make Indonesia an industrial country," he said. He added that the steps taken by Indonesia were not without risk. Not a few countries that oppose the policy taken by the government, simply do not want to see Indonesia become a developed country. "Many countries have prevented Indonesia from progressing, but we must give the green light. Indonesia is a sovereign country, it can build policies and independence for its country," he said.
