SCG Spurs Foreign Direct Investment Growth in Indonesia via Investment Forum 2017
SCG Investment Forum aims to invite stakeholders to contribute to Foreign Direct Investment (FDI) in Indonesia
ASEAN’s premier business conglomerate, SCG, is holding a comprehensive discussion forum, Investment Forum 2017. This discussion forum aims to invite stakeholders to contribute to the important role and have contribution to Foreign Direct Investment (FDI) in Indonesia.
The forum was initiated by SCG based on the fact that foreign direct investment has risen significantly globally, especially in Indonesia in recent decades.
Speaking on the realization of Foreign Direct Investment, according to the Investment Coordinating Board (BKPM), FDI in Indonesia contributed a figure for the Compound Annual Growth Rate (CAGR) of 14.6 percent during 2012-2016 and is expected to continue to grow, in accordance with the Government of Indonesia’s main focus to boost development in several sectors, including infrastructure and property.
“To encourage the realization of foreign direct investment in Indonesia, the Indonesian government has issued a series of Economic Policy Packages, which are expected for businessmen in Indonesia to enjoy in terms of ease, acceleration and certainty of investment licensing and facilitate frequent investment issues, so we believe this policy will helping to accelerate the realization of investment,” said Farah Ratnadewi Indriani, Deputy of Climate Development at BKPM, in a speech as keynote speaker at Investment Forum 2017.
In line with the government’s focus, SCG has invested in Indonesia since 1995. In 2016, SCG’s assets in Indonesia reached $1.4 million, which is in three core business units: cement-building materials, chemicals, and packaging.
Nantapong Chantrakul as Country Director of SCG Indonesia expressed his opinion on FDI in Indonesia. “We believe that SCG investment in Indonesia has supported the government’s focus in realizing Foreign Direct Investment and we are committed to contributing to the country’s long-term economic growth,” said Nantapong.
Indonesia has the potential to become the fifth largest economy in the world by 2030. As a leading industrial conglomerate that continues to grow its business in ASEAN, SCG recognizes that every stakeholder must work harder to support and succeed the government’s focus on improving the country’s infrastructure for improvement of national economy.