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BP Batam reiterates commitment to accelerate investment in Batam

Inforial (The Jakarta Post)
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Fri, August 13, 2021 Published on Aug. 12, 2021 Published on 2021-08-12T15:13:29+07:00

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BP Batam reiterates commitment to accelerate investment in Batam The Office of the Coordinating Economic Minister held an event introducing Government Regulation No. 41/2021 at Marriott Batam Hotel on March 3.

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s part of its efforts to improve the national investment ecosystem during the pandemic, the Indonesian government has issued Government Regulation No. 41/2021 to accelerate investment in Batam, Riau Islands Province.

Reflecting its location as a strategic industrial area, Batam was chosen to be one of the Free Trade Zone (FTZ) areas alongside Bintan and Karimun (BBK). As an extension of the government, Batam Free Zone Authority (BP Batam) has been managing investment licensing as well as facilitating investor relations since 1971, when it was known as ​​Batam Industrial Development Authority.

Currently, all license and permit issuances for investment are centralized, and processed in the Integrated Public Service Mall (MPP) along with other central and local authorities. To that end, BP Batam is committed to providing exceptional integrated investment services, particularly on licensing administration.

BP Batam chairman Muhammad Rudi explained that accessible and responsible investment licensing was a good entry point for Batam as one of the FTZ areas of BBK.

The permits issued by BP Batam at MPP include the Land Management Directorate (10 permits), the Center for Strategic Policy Planning (two permits), the Regional Infrastructure Directorate (four permits), the Traffic of Goods and Investment Directorate (34 permits), as well as other permits legalized by the Manpower Ministry, Immigration, Law and Human Rights Ministry, National Land Agency, Customs, Taxation Directorate General, and the National Standardization Agency.

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. (Courtesy of BP Batam/.)

Along with the issuance of Government Regulation No. 41/2021, the government through the Office of the Coordinating Economic Minister has authorized BP Batam to process business permits from eight sectors: port transportation (10 types); health (one type); trade (eight types); industrial (four types); water, waste and environment resources (eight types); forestry (nine types); energy and mineral resources (two types); as well as marine and fisheries (three types).

In total, approximately 67 types of permits will be issued by BP Batam in the near future, with the Technical and Implementation Guidance currently being formulated.

"The investment license that we issue carries its responsibility and authorization as an entry point for investors, thus an online system makes it easier to invest in Batam,” Muhammad Rudi added.

Alongside investments, BP Batam also strives to improve essential components in the ecosystem, including physical infrastructure, licensing facilities, availability of supply chain, export and import, as well as other supporting elements that will ensure investors feel at home in Batam.

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