Welcomes Start Up Investment, Government Simplifies Regulation

By : Ridwan And Aldi Firhand. A | Tuesday, May 22 2018 - 22:17 IWST

Menteri Komunikasi dan Informatika Republik Indonesia (Menkominfo) Rudiantara
Menteri Komunikasi dan Informatika Republik Indonesia (Menkominfo) Rudiantara

INDUSTRY.co.id - Jakarta, the Government welcomes investors to invest in Indonesia, especially funding for local start-ups. Support is one of them manifested in the form of simplification of regulation to facilitate funding from abroad.

"We welcome you to invest in Indonesia. In terms of regulation, Indonesia is one of the countries whose start-ups do not have to have permission from the ministry, just have to register. Because the sector is very dynamic, if implemented heavy regulation, before the signature ink in the licensing documents dry, the dynamics have changed, "explained Minister of Communications and Informatics Rudiantara in the launch of EV Digital TV at XXI Ballroom Djakarta Theater, Jakarta (21/05 / 2018).

According to Rudiantara, his ministry is preparing the process of eliminating 40 minister-level rules for simplification into 1 rule.

"Now I am still preparing for the change of rules, this year will be abolished 40 minister-level rules to be changed into 1 rule only," he explained.

In view of the Minister of Communications and Informatics, simplification of regulation is a form of government support for the Ease of Business in Indonesia can increase rapidly. The index is issued by the World Bank as a measure of the ease of conducting business processes in a country.

"This is how the Indonesian government simplifies the entire regulatory process. Not just in Communication Minister only, but all ministries are now like this. In order to position Indonesia at least from the side of the ease of doing business will increase significantly, "he explained.

At the same occasion, the Coordinating Minister for the Ministry of Marine Affairs, Luhut Binsar Pandjaitan confirmed there are four criteria to invest in Indonesia.

"First, the business must be environmentally sustainable, it is very important for us, because we do not want you to bring 2nd class technology to Indonesia," said Coordinating Minister Luhut.

The next criterion according to Minister Luhut is having to employ local workforce, and can add value to Indonesia's industry and natural resources.

"There must be benefits, both in the process of upstream and downstream," he explained.

The last criterion, he added, is to transfer technology so that Indonesia is not only a market but has people who master the technology.

"Do not let Indonesia only become the market for the latest technology, there must be experts and master the technology," he said.

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