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Govt urged to develop investment in regions: INDEF
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During the announcement of the new Cabinet (from left to right) Trade Minister Enggartiasto Lukita, Villages, Disadvantaged Regions and Transmigration Minister Eko Putro Sandjojo, Coordinating Legal, Security and Political Affairs Minister Wiranto, Administrative and Bureaucratic Reform Minister Asman Abnur, Industry Minister Airlangga Hartarto, Finance Minister Sri Mulyani Indrawati, President Joko Widodo, Vice President Jusuf Kalla, Coordinating Maritime Affairs Minister Luhut Panjaitan, Energy and Mineral Resources Minister Archandra Tahar, Agrarian and Spatial Planning Minister Sofyan Djalil, Transportation Minister Budi Karya Sumadi, Investment Coordinating Board chairman Thomas Lembong and Education Minister Muhadjir Effendy pose for a group photograph at the State Palace in Jakarta on July 27. The President announced a new Cabinet lineup that returned a reformist to the Finance Ministry and put a former military commander in charge of security. (AP Photo/Tatan Syuflana)
P
resident Joko “Jokowi’ Widodo should assign a ministry to be in charge of investment development in the regions as the economic policy packages had yet to boost investment in the regions, an economist has said.
Institute for Development of Economics and Finance (INDEF) economist Imaduddin Abdullah told journalists on Monday that the economic policy packages had yet to address investment problems at the regional level.
“For the example, the principle permit issued by the Investment Coordinating Board – at the national level – can be obtained in three hours. Other permits issued by local authorities, however, can’t be obtained in three hours,” Imaduddin said.
He further explained that the chosen ministry should be responsible for improving the investment climate in the regions by, among other things, enhancing the quality of human resources.
Innovation was also important to boosting investment, Imaduddin said. He said that according to the Global Manufacturing Competitiveness Index, innovation was the number one aspect that could attract investment in a country. (vny/dmr)
