Enhancing the scale and quality of investment from the EU
We have helped create an EU Desk within Indonesia’s Investment Coordinating Board (BKPM), dedicated to assisting European companies invest in Indonesia. The EU Desk supports companies throughout the investment process, including making them aware of what market opportunities exist and showing them how to access government support in key sectors.
In parallel, TCF is also supporting proactive investment promotion in Europe, strengthening the operation of BKPM’s international offices, in particular in the EU, and participating in investment roadshows and events in Europe. These efforts will effectively enhance BKPM’s investment generation potential in Europe.
The EU Desk at BKPM
The EU Desk has now been operating for more than a year and has assisted more than 100 companies from across Europe through: enquiry handling on investment regulations, licences and processes; providing off-the-shelf and customised market insights; identifying and introducing European companies to potential Indonesian partners; and providing corporate advocacy on behalf of key existing European investors.
As well as the effective targeting of potential investors looking to operate in Indonesia, the EU Desk has also been engaged in a variety of other activities, ranging from the organising of high-profile events in Europe, to developing quality marketing material and accompanying investors on site visits in Indonesia.
The key objective of the EU Desk in 2016 will be to ensure that the momentum created in 2015 is maintained. Numerous “hot leads” have been identified, some of which are well in excess of 100 million USD. Overall, our investor pipeline is on track to contain a total of 400 companies by the end of 2015, with continued substantial expansion planned in 2016.
To learn more about the activities of the EU Desk, please click here.
Technical assistance to international offices
Indonesia’s national strategies in the area of investment are aimed at creating a competitive business climate to enhance investment across all its regions. These strategies are based on a competitively based approach to regional development, the harmonisation and streamlining of various legislations both at central and local level, and improvements in infrastructure through effective partnerships between government and the private sector.
We have been working with Indonesia’s Investment Coordinating Board (BKPM) since 2013, helping it to achieve its mandate through a variety of on-the-job technical assistance activities aimed at strengthening capacity at its headquarters, regional and international offices.
Our support to BKPM will continue during 2016 through ongoing assistance to its activities in Europe and the development of enhanced data access through an IT platform that makes critically important data available to potential investors.
To learn more about our support for BKPM’s international offices, please click here.
Technical assistance to regional offices
BKPM’s provincial offices have access to information that it crucially important to potential investors engaged in evaluating alternative destinations for their investments. Moreover, these offices are uniquely able to identify local companies to that could potentially act as partners to international investors.
Our technical assistance in this area during 2016 will focus on identifying an efficient approach for collecting data from the 34 provinces and coordinating the collection of this information in a systematic fashion, making it easily accessible through a software. Alongside this, we will also be training provincial officials in how to develop concise company profiles containing the key information investors need.
To learn more about our activities in BKPM’s regional offices, please click here.
Technical assistance on Alternative Dispute Resolution (ADR)
A transparent and well-functioning legal framework is critical to attracting quality investments and an increasing number of countries are introducing or improving their current ADR systems. We have been supporting the review and enhancement of Indonesia’s ADR practices since the project started in 2013, working with BKPM and ADR working group members to develop detailed recommendations for activities to improve the current ADR environment. The activities planned for 2016 are a continuation of the ones running in 2015 and will include the certified training of mediators, raising awareness of dispute prevention techniques and policy recommendations.