The Indonesian government remains committed to encouraging investment that not only provides capital but also brings technology transfer and enhances the capacity of domestic industries.
This priority aims to ensure that Indonesia is not merely a market for foreign products but also a nation that can strengthen its economic structure independently.
In greater detail, Indonesian Finance Minister Purbaya Yudhi Sadewa confirmed that the Indonesian government will, going forward, prioritise foreign investors who are willing to transfer technology or create positive spillover effects for the Indonesian economy.
“I will definitely seek foreign investors who have spillovers or are willing to transfer their technology [to Indonesia]. Those [sectors that] we already have the technology for, we don’t need to open it up to the [foreign] investors. However, those [sectors that] we don’t have the technology for, we will open it up to the [foreign investors]. That’s our strategy going forward,” Sadewa said on Monday, the 3rd of November.
However, the minister also emphasised that foreign investment in other sectors is still required to accelerate national economic growth. That said, he would not rely on or plead with external parties.
“We remain open to foreign investment, but that doesn’t mean we are dependent. Indonesia has its own strengths that must be maximised,” Sadewa continued.
The minister further noted that so far, prospective foreign investors have been keen to understand the direction of government policy under his leadership. He is also planning to open a dedicated complaints channel directly connected to him, for which he will devote one day a week to address reports or obstacles submitted by the business community.
“They [foreign investors] really want to know what kind of person I am and the foundation of my future policies to ensure faster economic growth,” Sadewa observed.