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KADIN INDONESIA

Indonesian Chamber of Commerce and Industry

KADIN INDONESIA

Indonesian Chamber of Commerce and Industry

Kadin and IMA Prepare Mining Roadmap for New Government

Vice Chairman of Kadin Indonesia for Investment, Tony Wenas, revealed that Kadin has been working with mining associations to prepare a mining roadmap for Indonesia to be submitted to the new government.

"The roadmap will contain the hopes and desires of mining businesses to make the investment climate more attractive and steps to advance the domestic mining industry. Later, what is expected by entrepreneurs in the mining sector, the details are very detailed," said Tony.

Furthermore, Tony said that as Secretary General of the Indonesia Mining Association (IMA), he hopes that the next President of the Republic of Indonesia can provide legal certainty and business certainty to mining businesses.

According to him, the legal certainty provided by the state will aim to avoid frequent changes in regulations that cause adverse effects.

Tony detailed, the rules given by the government are in the form of regulations regarding mining, trade and investment so that incoming investment does not only come from abroad but also from within the country.

Moreover, he continued, in the last 5 years investment entering Indonesia has always exceeded the target set by the government.

He cited the example of Indonesia's investment realisation in 2023 reaching Rp1,400 trillion, while this year the government set an investment target of Rp1,650 trillion.

"It looks like a good track. With a significant increase in investment realisation, the target can be achieved with the support of qualified regulations," Tony concluded.

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KADIN INDONESIA

Indonesian Chamber of Commerce and Industry