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BKPM obtains $1.7b in investment commitments in Tokyo ‘road show’

The Investment Coordinating Board (BKPM) says it has obtained US$1.7 billion in investment commitments from four investors during an investment marketing road show in Tokyo, Japan, on Wednesday.

BKPM chairman Franky Sibarani said in a release on Thursday that the commitments comprised $700 million worth of investments in the infrastructure sector, followed by automotive ($600 million), steel ($300 million) and textiles ($100 million).

“We want to make sure that various investment interests that have been conveyed to President Joko Widodo and Vice President Jusuf Kalla have been followed up and will be realized,” he said as quoted by Antara.

“It is the progress of these processes that we have continued to monitor, in which we will facilitate any investors who face obstacles in realizing their investment projects,” he went on.

Franky said investment commitments that would soon enter the construction stage were in the fields of automotive and steel. Meanwhile, investment commitments in gas infrastructure were still at the feasibility study stage.

He said the BKPM would facilitate the submission of investment permit applications once the results of the feasibility studies were received.

As part of the investment marketing road show from May 25 to 29, the BKPM chairman is scheduled to hold meetings with several Japanese investors in Nagoya. The road show will end with a one-on-one meeting between BKPM officials and Japanese investors in Tokyo.

Source : www.thejakartapost.com, Thursday 28 May 2015