Minister Ready to Provide Special Incentives for Investors at KIT Batang

Batang, VIVA – Investment Minister/Head of BKPM, Rosan Roeslani, inaugurated the operations of Wavin Manufacturing Indonesia’s plant in the Integrated Industrial Estate (KIT) Batang.

During the event, Minister Roeslani assured that investors in KIT Batang would receive special incentives and other economic benefits once Batang is designated as a Special Economic Zone (SEZ).

“Hopefully, Batang will soon be granted SEZ status. This means you will receive many additional fiscal incentives,” the minister said in a statement on Thursday (Oct 3).

Furthermore, Minister Roeslani expressed his hope that Wavin’s parent company, Orbia Group, would expand its investments in Indonesia in the future.

The minister highlighted the immense business and investment opportunities available in Indonesia.

With a current middle-class population of 60 million people, or about 20 percent of the total population, Indonesia’s middle class is expected to grow to 80 percent of the national population, which is projected to reach 340 million people by 2045.

Moreover, predictions from various economic institutions, surveys, and global banking groups indicate that Indonesia is on track to become the sixth or seventh largest economy in the world.

From an economic perspective, Indonesia is already ranked 16th among G20 nations.

Additionally, Indonesia has consistently maintained economic and political stability, which is expected to further improve and enhance the investment climate in the coming years.

“So, the investments entering Indonesia will not only bring financial returns and income but also provide opportunities for synergy with various parties in Indonesia,” Minister Roeslani concluded.