Investment in RI’s Agricultural Sector Reaches $12.4 Bln

03 July, 2013 | Source: The Bali Times

The Investment Coordinating Board (BKPM) said investment in the country’s downstream agricultural industry from early 2010 to March 2013 reached US$12.4 billion.

“The realized investment represents 13.1 percent of overall investment inflows in the period,” BPKM Deputy Chief for Investment Promotion Himawan H Djojokusumo said in Nusa Dua.

Much of the investment was from Singapore, Taiwan and Japan, he said.

Over the period, realized investment in downstream mining industry gave greater contribution than other sectors to the overall investment, reaching US$17.9 billion or 18.9 percent, he said.

“The three biggest investors in this sector came from South Korea, Britain and Australia,” he said.

He said relevant ministries will focus on developing the two sectors.

Investment in the two sectors must exceed the target of 30 percent set for 2013, he said.

“The investment target for this year is Rp390.2 trillion,” he said.

In the first quarter of 2013, realized investment reached Rp93 trillion, he said.

He expressed optimism that the target could be achieved as many investors have secured investment permits but have not realized their investment plans.

 

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