Indonesia Offers Investment Opportunities to Australian Businesses

Sydney, Australia: Deputy Chairman for Investment Climate, Indonesian Investment Coordinating Board (BKPM) Farah Ratnadewi Indriani has offered investment opportunities in tourism, agriculture and education sectors to Australia during an Indonesia-Australia Business Roundtable on Investment Opportunities and Policy Updates in Tourism, Agriculture and Education Sector” held in Sydney, Australia on July 3.

Speaking during the Roundtable in front of targeted Australian businesses, Farah briefed the participants on Indonesia’s pro investment policy, including projects ready to offer as well as the ongoing investment service reforms in Indonesia.

“Indonesia is an attractive business destination for its two competitive advantages, namely its strategic location and market size,” said Farah.

“Under the current government, priority investment will be focused on tourism and creative economy along with supporting sectors”, she added.

The business roundtable was officially opened by the Indonesian Consul General to New South Wales, Queensland and South Australia, Heru Subolo.

During his remarks, Heru said the event is an opportunity for Indonesia to update the Australian businesses on the many new developments in Indonesia which are important but unknown yet to Australian businesses such as simplification of business licensing procedure and the Indonesian Government’s strategic plan for attracting investment in tourism,
agriculture and education sectors.

“Indonesia and Australia do have strategic proximity, which I believe gives us a set of advantages such as lower cost transport and freight,” told Heru.

“Indonesia is always open for business, and we are ready to facilitate our Australian partners to realise your business plans in Indonesia”, Heru added.

Other speakers at the event include Deputy Director for Indonesian Tourism Destination, Indonesian Ministry of Tourism Henky Manurung and Vice Chairman for Food Processing Industry of the Indonesian Chambers of Commerce and Industry (KADIN) Juan Permata Adoe.

Speaking about the growth of tourism sector in Indonesia, Henky spoke about how important it is for Australian businesses to tap into this opportunity.

“Tourism growth rate in Indonesia is at 22 percent, three times the regional and global growth. Our domestic tourist trips last year reached 265 million and currently more than 90 percent tourism businesses are open for foreign investment, even allowing for 100 percent foreign ownership”, Henky explained.

In his presentation, Juan emphasised the opportunities for Australian businesses in food processing industries in ten priority commodities in Indonesia. According to Juan, Indonesia can serve as Australia’s production hub to reach larger market in Asia. “Indonesia’s agribusiness sector can benefit from Australia’s expertise in developing a model of cooperative management system as well as funding and insurance system in agriculture sector,” told Juan.

The Indonesia-Australia Business Roundtable was co-organised by BKPM/Indonesian Investment Promotion Center (IIPC) in Sydney , the Indonesian Consulate General in Sydney, Indonesian Ministry of Tourism and was supported by the New South Wales Government. The event was co-chaired by Director of IIPC-Sydney Sri Moertiningroem and Senior Manager for ASEAN of the NSW Department of Industry Guy Boekenstein.​