The Jakarta Post
The government is preparing a new regulation that will simplify business permit issuance amid a push to speed up the development of new growth centers, including special economic zones (KEK).
Coordinating Economic Minister Darmin Nasution said Tuesday that with easier issuance of business permits, the government was determined to provide convenience to investors so they could realize their investment in Indonesia. Faster business permit issuance would also help new growth centers, such KEK, industrial estates and special tourist destinations, have a bigger impact on the economy.Read also: Govt to expedite issuance of permits, speed up development of growth centers
In future, investors can proceed to execute their projects after securing principal permits from the Investment Coordinating Board (BKPM), Darmin further said.
"After acquiring permits from the BKPM through one-stop integrated services, investors can directly go to special economic zones and start their projects,” Darmin said during a national working meeting on KEKs.
"If we use the old way of waiting for project realization until all permits are cleared, it would take a long time," he added.
Since 2012, the government has aimed to build 11 KEKs in order to create new economic centers across the country and shift development to regions outside of Java. Out of the figure, seven zones will serve the manufacturing industry while the rest are designated as tourism-driven zones. (rdi/lnd)