Coordinating Minister for the Economy Airlangga Together with Special Economic Zone Minister of Industry Agus Gumiwang Appreciate Kendal

By : Nata Kesuma | Friday, February 03 2023 - 14:55 IWST

The Coordinating Minister for the Economy, Airlangga Hartarto, accompanied by the Minister of Industry Agus Gumiwang, visited the Kendal Industrial Park (KIK) located in Kendal Regency, Central Java.
The Coordinating Minister for the Economy, Airlangga Hartarto, accompanied by the Minister of Industry Agus Gumiwang, visited the Kendal Industrial Park (KIK) located in Kendal Regency, Central Java.

INDUSTRY.co.id - Kendal - The Coordinating Minister for the Economy, Airlangga Hartarto, accompanied by the Minister of Industry Agus Gumiwang, visited the Kendal Industrial Park (KIK) located in Kendal Regency, Central Java. The purpose of the visit was to review the progress of the area after the pandemic and after receiving of the status of Kendal Special Economic Zone (SEZ).

KIK itself officially became a Special Economic Zone in 2019. With this new status, Kendal SEZ is given special facilities by the government that can provide many benefits for investors. Among them are in fiscal benefit such as reduction of corporate income tax, PPN, PDRI, and free import duty, as well as other non- fiscal benefits.

After becoming a SEZ, the number of business entities in KIK has increased quite rapidly "We were established in 2016, and officially became a SEZ in 2019. After becoming a Special Economic Zone, the number of Business Entities who joined our Alndustrial Park increased by 55% compared to before receiving SEZ status. Currently, the number has reached 76 companies from nine countries, both Asia and Europe," said Didik Purbadi as the Executive Director of Kendal Industrial Park.

Meanwhile, Didik also mentioned that of the 76 companies, most of them were export-oriented. Of course, this has an impact on the growth of export numbers. In 2021, the total export value from Business Entities in the Kendal SEZ reached USD 23.9 million and it is estimated that this year the number will increase by 111.2% or by USD 50.5 million. Didik also said that this could not be separated from the intervention and support of the government at all levels.

On the other hand, rapid growth was also seen in the number of employment absorption. As a SEZ, KIK is targeted to be able to expand job opportunities in Kendal, Central Java. The realization even reached 514% after it became KEK Kendal. In the first quarter of this year, there have been 17,650 workers absorbed by Business Entities in the Kendal SEZ.

Coordinating Minister for the Economy Airlangga Hartarto also appreciated the achievement of the Kendal SEZ, which this year has absorbed a total investment of 28.3 trillion rupiah. "I think this is a very good achievement, which with this large investment value, the existence of the Kendal SEZ certainly has contributed to economic growth, not only regionally but also nationally."

Agus Gumiwang as the Minister of Industry during his visit expressed hope that the existence of the Kendal SEZ can provide a kind of multiple effect for the growth of Central Java and its surroundings, "We hope that the growth of the Kendal SEZ can provide many positive impacts, not only growth in investment value and labor, but also in terms of industrial growth, growth in supporting facilities such as residential development, and infrastructure growth in Central Java and its surroundings."

News Comment

Today's Industry

PT Inocycle Technology Group Tbk ("INOV")

Kamis, 14 September 2023 - 15:15 WIB

INOV Poised to Absorb PET Recycling Market Potential

The prospects of PT Inocycle Technology Group Tbk ("INOV") a public company in the field of recycling plastic (PET) bottle waste into Recycled Polyester Staple Fiber (Re-PSF), looks bright for…

Participants of the 43rd ASEAN Summit enjoy the gala dinner at Hutan Kota GBK in Jakarta, Wednesday (09/06). (Photo by: BPMI of Presidential Secretariat)

Senin, 11 September 2023 - 09:07 WIB

Indonesian Cuisine, Cultural Performances Enliven Gala Dinner of 43rd ASEAN Summit

President Joko “Jokowi” Widodo and First Lady Iriana Jokowi hosted a gala dinner for leaders of ASEAN member states, partners, and international organizations at Hutan Kota restaurant in…

President Jokowi and Secretary-General of the United Nations António Guterres, Jakarta, Thursday (09/07). (Photo by: BPMI).

Senin, 11 September 2023 - 07:45 WIB

ASEAN, UN to Enhance Cooperation in Maintaining Regional Peace

On the margin of the 43rd ASEAN Summit, President Joko “Jokowi” Widodo Thursday (09/07) hosted Secretary-General of the United Nations António Guterres in a bilateral meeting at the Kakatua…

President Jokowi shakes hands with PM of Japan Fumio Kishida at JCC in Jakarta, Thursday (09/07). (Photo by: BPMI of Presidential Secretariat)

Senin, 11 September 2023 - 06:40 WIB

Indonesia, Japan Agree to Raise Partnership Status to Comprehensive Strategic

Indonesia and Japan have agreed to raise the partnership status of the two countries to strategic comprehensive, President Joko “Jokowi” Widodo has said.

PT Sariguna Primatirta Tbk (Tanobel Group)

Selasa, 05 September 2023 - 09:45 WIB

Aggressive Tactics Boost Brand Awareness, CLEO Achieves Record- Breaking Sales in First Half 2023

The increasing public activity post pandemic has opened up opportunities for business growth in the consumer goods product for bottled drinking water (AMDK), which is better known as "CLEO",…