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China, Taiwan investors eye labor-intensive industries in C. Java

The investment marketing team of the Investment Coordinating Board (BKPM) has revealed that a number of foreign investors from China and Taiwan are eyeing investment potential, especially labor-intensive industries, in Central Java

The Jakarta Post
Jakarta
Tue, April 28, 2015

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China, Taiwan investors eye labor-intensive industries in C. Java

T

he investment marketing team of the Investment Coordinating Board (BKPM) has revealed that a number of foreign investors from China and Taiwan are eyeing investment potential, especially labor-intensive industries, in Central Java.

"The availability of land, skilled human resources and competitive salaries have become attractive factors in Central Java at the present and these conditions are suitable for the development of labor intensive industries," BKPM Chairman Franky Sibarani said on Tuesday.

He said his team would enhance coordination with the Central Java provincial administration to persuade the foreign investors to invest in the province.

"The BKPM will facilitate promotion, the issuance of investment permits and the granting of incentives to prospective investors," he said as quoted by Antara news agency.

According to BKPM data, foreign investment in Central Java in 2014 achieved 80.5 percent of the Rp 18.6 trillion target and this year the province is aiming to attract Rp 27.7 trillion in foreign investment in the banking and mining sectors. (rms)(+++)

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