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Jakarta Post

Businesses urged to invest in Indian Ocean region

  • Stefani Ribka

    The Jakarta Post

Jakarta   /   Sat, March 4 2017   /  12:18 am

The government has called on domestic business players to invest in the Indian Ocean region to benefit from abundant untapped business opportunities as well as help boost exports.Investment Coordinating Board (BKPM) head Thomas Lembong expects businesspeople to work on potential partnerships with prospective counterparts during the Indian Ocean Rim Association (IORA) Business Forum on March 6.“One of the most realistic ways to jack up exports of some commodities is to invest in respected countries,” Lembong said Friday during the press conference on the event. “Investments could be in the form of warehouses, trading firms or factories, these will be the spearhead to open market access.”Lembong pointed out paper products as an example of how investment in warehouses and trading firms in Iran helped increase exports significantly, allowing Indonesian paper and packaging items to co...