Bandung City (ANTARA) - The Bandung City Investment and One-Stop Integrated Service Agency (DPMPTSP), West Java, recorded that investment realization in the Flower City reached IDR 10.7 trillion in 2024, exceeding the target set at IDR 7.3 trillion.
"Of course, this achievement is the result of hard work from our ranks. We do not just sit back and receive reports from companies, but we provide counseling, provide guidance related to reporting, and visit entrepreneurs directly," said Head of Bandung City DPMPTSP Ronny Ahmad Nurudin, in Bandung, Wednesday.
Ronny said that the investment of IDR 10.7 trillion was dominated by the transportation, warehouse, and telecommunications sectors, contributing IDR 3.5 trillion.
"Bandung City is a service city, so the transportation, warehouse, and telecommunications sectors still dominate. The second is other services, the third is the chemical and pharmaceutical industry, then hotels and restaurants, and the last is the housing, industrial and office areas," he said.
He revealed that the realization of domestic investment (PMDN) actually dominated investment in Bandung City by contributing IDR 8.3 trillion, while the foreign investment (PMA) category reached IDR 2.4 trillion.
"That's right. Now PMDN is bigger, indicating an increase in domestic investment. Labor absorption is also quite significant. From PMDN, the workforce absorbed is 18,794 people, while from PMA it is 1,820 people," he also said.
Ronny said there are several factors that make foreign and domestic investors interested in investing in Bandung City, one of which is the ease of service provided by DPMPTSP for prospective investors.
"We also provide OSS assistance services, Sakedap (Licensing Facility Kiosk) services in sub-districts and market industry centers for micro business actors," said Ronny.
In addition, he said again, the Bandung City Government has issued two special regional regulations (perda), namely Perda Number 5 of 2022 concerning Spatial Planning and Perda Number 4 of 2022 concerning the Implementation of Investment to make it easier for investors to carry out activities and invest in this Flower City.