However, investment is a vital issue because its existence can support sustainable development, create added value, promote economic justice and even help achieve economic democracy.
Jakarta (ANTARA) – Economic and political stability is the key to sustainable investment as it guides investors’ decisions to invest in a country, Vice President Ma’ruf Amin said.
“Economic and political stability is the key to the sustainability of the investment because no matter how attractive the investment is in terms of economic value, without this stability investors are very likely to (make) other decisions” , he explained at the opening of “2022”. Investment Service Award” here on Wednesday.
Aspects such as clarity of regulations, land availability and infrastructure readiness are important to maintain investment stability in Indonesia, he said.
“Stability in the investment environment goes beyond simply maintaining macroeconomic conditions and legal certainty. Other equally important elements are the clarity of regulations, institutions, the availability of land and the preparation of infrastructure, which is central to regional coordination, human resource capacity and the role of the business sector,” he explained.
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Amin further pointed out that investment is the backbone of the economy as it creates a large job market, produces goods or services and adds value to the economy.
“However, investment is a vital issue because its existence can support sustainable development, create added value, promote economic justice and even help achieve economic democracy,” he noted.
He said he expects stakeholders to come up with joint solutions to service issues and facilitate investment.
“I expect all stakeholders to be able to share solutions to various service issues and also facilitate investment. I hope everyone can learn from each other and adopt best practices that are more efficient and responsible” , he added.
At the same event, Investment Minister Bahlil Lahadalia said that as Indonesia’s economy grows, his administration will continue to work with stakeholders to promote investment growth.
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“We need to increase investment in Indonesia to create a new area of economic growth,” the minister added.
The event was attended by several ministers, including Interior Minister Tito Karnavian, Administrative and Bureaucratic Reform Minister Abdullah Azwar Anas, Transport Minister Budi Karya Sumadi, Energy and Mineral Resources Minister Arifin Tasrif and Minister of Public Works and Public Housing Basuki Hadimuljono.
Heads of ministries and agencies, regional officials and policy makers from Special Economic Zones (SEZs) and Free Trade and Freeport Zones (KPBPB) also attended the event.
During this time, the vice-president was accompanied by the head of the secretariat of the vice-presidency, Ahmad Erani Yustika; Deputy for Economic Policy Support and Competitiveness Improvement, Guntur Iman Nefianto; special staff of the vice-president, Masduki Baidlowi; and member of the Vice President’s Expert Team, Farhat Brachma.
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