North Sumatra Investment Book

B BANK INDONESIA BANK SENTRAL REPUBLIK INDONESIA INVESTMENT POLICY DIRECTION 2020-2024 Improving investment quality to promote inclusive and sustainable economic growth Encouraging downstream products and increased use of domestic products Optimizing the use of natural resources and domestic production Encouraging increased investment in business sectors categorized as green investment and having a large positive social impact and equitable investment throughout Indonesia Environmental and Social Equality (ESG) Encouraging investment in export-oriented industries and industries that substitute imports Source: Strategic Planning of Ministry of Investment/ BKPM (Renstra) 2020-2024 Job Creation/ Labor intensive Encouraging investment in labor-intensive business fields and developing business fields that involve the community by utilizing existing human resources Direction of Investment Policy: Quality Investment 2020-2024 Export Oriented and Import Subtitution Increase Productivity Encouraging increased company efficiency (i.e. Industry 4.0) and improvements to the Incremental Capital Output Ratio (ICOR) Transfer of Knowledge and Technology Encouraging human resource development and increasing R&D in an effort to master technology Improve Competitivenes s and Market Access Encouraging increased perceptions and opening up a wider market for national companies and MSMEs through business partnerships North Sumatra Investment Book 11

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