The Indonesian Chamber of Commerce and Industry (Kadin) says the Financial Services Authority (OJK) should ease financing procedures in fisheries and maritime-related business activities to develop the sectors
he Indonesian Chamber of Commerce and Industry (Kadin) says the Financial Services Authority (OJK) should ease financing procedures in fisheries and maritime-related business activities to develop the sectors.
"The business players in the fisheries and maritime industries want a new policy that will spur the growth of the sub-optimally exploited sectors," Kadin deputy chairman in fisheries and maritime department Yugi Prayanto said in Jakarta, as quoted by Antara news agency on Wednesday.
Yugi added that Kadin had met with OJK head Muliaman Hadad in Jakarta on Tuesday night.
The businesspeople said that they wanted incentives in the sector and an insurance corporation for fisheries and maritime investors. The format of the insurance corporation should be discussed in a focus group discussion (FGD) between industry players and lenders.
"We want the OJK to facilitate the lenders and Kadin to facilitate the players," he said.
Meanwhile, Muliaman said that the first thing the OJK would do was to convince lenders that loans in the fisheries and maritime sectors were not high-risk actions.
"We are going to meet the lenders.We will tell them that this is not a high risk sector; we have to change the way they view the sectors first," he said.
He added that the FGD would give the bankers more information so that they could understand business potential and how to spur growth in the sectors. However, he said that the problem might not only lie in capital injection, but also in regulation. (nfo)
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