The Central Java Provincial Government has opened doors to 17 lucrative investment opportunities across various sectors, including newly developed industrial areas, to attract both local and international investors, as reported by ANTARA.
Driving Investment in Central Java’s Industrial Zones
Quoting DPRD.jatengprov.go.id, Governor of Central Java Nana Sudjana stated the investment opportunities at the recent 2024 Central Java Investment Business Forum (CJIBF), held at the Batang City Grand Ballroom within the Batang Integrated Industrial Area (KITB).
“We offer 17 investment opportunities in the manufacturing, infrastructure, agriculture, energy and tourism sectors,” said Acting Governor of Central Java Nana Sudjana, Batang, Tuesday (10/29).
Acting Governor Nana Sudjana announced diverse opportunities across manufacturing, infrastructure, agriculture, energy, and tourism. Hosted at the Batang Integrated Industrial Area (KITB) on October 29, 2024, the forum highlighted Central Java’s expanding industrial zones as ideal investment hubs.
Central Java’s Investment Target 2024
To attract investors, Central Java has established five strategic industrial areas along the West Coast corridor: KITB, Kendal Special Economic Zone (KEK), Wijayakusuma Industrial Zone in Semarang, Jatengland Industrial Park in Demak, and Aviarna Industrial Park in Semarang.
These locations offer state-of-the-art facilities and streamlined processes, facilitating smooth investment journeys for businesses, according to ANTARA.
“While most current industrial zones are concentrated along the northern coast (Pantura), future plans will encourage expansion to Southern Central Java to diversify investment opportunities,” added Nana Sudjana.
Central Java has set an investment target of IDR 64.18 trillion for 2024, achieving 79.64% by the third quarter, amounting to IDR 55.11 trillion. The influx of new investors is expected to help meet this ambitious goal.
Investment-Friendly Central Java: A Competitive Edge
Central Java offers a strong competitive edge with its robust infrastructure, skilled workforce, progressive investment policies, and integrated licensing services that are both fast and efficient.
Nana reports a recent example, KITB, has attracted 21 investors, with five companies already operational, 10 in development, and others preparing for construction. Further investments across Central Java’s industrial zones are anticipated to spur economic growth in the region.
Supporting these efforts, Bambang Haryanto Bachrudin, Chair of Commission C at the Central Java Province DPRD, expressed his commitment to advancing the region’s economic growth through accelerated investment, particularly noting the positive impact on local job creation and income generation.
“The expanding industrial zones will drive job creation, boost local incomes, and help Central Java meet its economic growth objectives.” Bambang said at the 2024 CJIBF event with the theme ‘Enhancing Sustainable Growth Through Green and Circular Economy.
Sustainable Investment and Green Growth in Central Java
Central Java’s commitment to sustainability is evident in its focus on green and circular economy principles.
Acting Governor Nana Sujana emphasized that this sustainable approach aligns with Central Java’s goal of economic transformation that supports environmental preservation. He encouraged regional leaders across the province’s 35 districts to promote Central Java as a prime investment destination.
“We encourage local regents and mayors are actively participating in investment promotion activities, providing incentives, and ensuring that facilities meet investor needs.” Said Nana.
In preparing a skilled workforce, the provincial government invested in vocational education and training centers in each district, enhancing talent development for investors.
Chief Representative of Bank Indonesia Central Java, Rahmat Dwisaputra, noted that CJIBF 2024’s theme resonates with Central Java’s long-term regional development goals, positioning the province as a national hub for food and industry.
“Central Java’s focus on green energy and the circular economy aims to harmonize food and industrial production, making the region a sustainable investment powerhouse.” Said Rahmat, quoting ANTARA.
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