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Four Chinese pharmaceutical firms to invest in Indonesia, BKPM says
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Investment Coordinating Board (BKPM) chairman Franky Sibarani speaks at a business forum in Berlin on April 18, promising more opportunities for investment in Indonesia will be created by a streamlining of bureaucratic procedures. (KONTAN/Cheppy A Muchlis)
T
he Investment Coordinating Board (BKPM) has announced it will assist four China-based pharmaceutical companies to invest in Indonesia.
Without revealing the companies’ names, BKPM chairman Franky Sibarany said the four have gathered detailed information on the latest regulations in the industry, including foreign ownership and other supporting regulations.
“I positively welcome the Chinese companies’ interest in investing, especially as the government is pushing efforts to develop the pharmaceutical and medical equipment industry in the country," he said in a press statement on Sunday.
The government is working on a road map and work plan for developing the pharmaceutical and medical equipment industry.
As a national health-insurance program has been running, Franky elaborated, the need for medicine and medical equipment would potentially rise to support the state insurance scheme.
"President Joko Widodo expects that the portion of the locally manufactured raw materials for medicine to reach 50 percent by 2019," he said. (ags)
