REJABAR.CO.ID, BANDUNG --- The West Java Provincial Government (Pemprov) continues to boost investment targets. In 2024, the West Java Provincial Government targets the investment value to exceed last year's realization.

According to the Head of the West Java Investment and One-Stop Integrated Services Service (DPMPTSP), Nining Yuliastiani, by 2024 the national investment target will reach IDR 1,650 trillion. Specifically for West Java, the investment value is targeted at around 14-15 percent of the national level.

"And that is nominally around IDR 247 trillion to IDR 250 trillion for the 2024 target, even though this has not been released by BKPM," said Nining at the Bewara Jabar (Beja) event with the theme West Java Investment Report 2023 And Economic Outlook 2024  at Gedung Sate, Tuesday (30/1/2024).

For investment achievements in 2023, said Nining, from the BKPM target of IDR 188.03 trillion, West Java managed to pocket an investment value of IDR 210.6 trillion. This figure is the highest achievement. "This means 112 percent of the existing target. And this is the highest achievement in West Java," he said.

When asked whether the 2024 target would be achieved under the conditions of the 2024 elections, Nining felt optimistic that he could meet the target by collaborating with various parties in West Java.

"We remain optimistic about the efforts that have been made in synergy and collaboration. It will not be possible for us to complete whatever the target is if there is no collaboration and communication with various parties," he explained.

Nining explained that there are several sectors that the West Java Provincial Government will focus on to attract investors to invest their capital in West Java. Namely, starting from the infrastructure sector, tourism, to technology.

"For West Java there are four things that will be the focus of increasing investment, infrastructure, downstream tourism and technology and there are also many things that come to us that are capital intensive," he said.

In the same place, Deputy Chief Representative of Bank Indonesia for West Java Province, Bambang Pramono, said that success in creating a harmonious investment climate is the key to the realization of West Java investment which will accelerate in 2023. This is a necessary condition in creating a conducive and trustworthy investment climate for investors.

Apart from that, he said, high investment realization also plays an important role in driving West Java's economic growth along with the value of the Incremental Capital Output Ratio (ICOR) which is relatively stable from year to year. Therefore, all stakeholders related to investment in West Java must actively carry out various proactive and innovative efforts in identifying potential projects that are of interest to foreign investors.

"Especially for potential investors who are looking for safe and comfortable investment fund placement options," he said.

Acting Regional Secretary of West Java Province, Taufiq Budi Santoso, investment is one of the driving forces of the economy in West Java. However, in the future, efforts must still be made for equality throughout the West Java region. This is in line with the investment distribution map in West Java which is concentrated in the northern part, such as Bekasi District (25) to Karawang District (22).

(SOURCE)