Susi sets target of Rp 95t investment in 5 years

JAKARTA. Maritime Affairs and Fisheries Minister Susi Pudjiastuti has said that her ministry has set an investment target of Rp 95 trillion (US$6.98 billion) within the next five years in the maritime and fisheries sectors.

According to the minister, economic growth from the sector must increase by 7 percent in order to reach the target.

However, she stressed the importance of considering the environment in trying to exploit the country’s maritime potential. “It is still necessary to preserve natural resources when looking at investment,” Susi said on Wednesday as reported by kompas.com.

She added that there were still many obstacles in achieving the investment target, such as barriers in spatial planning, the poor investment climate, a lack of business incentives in regional areas, security concerns and a lack of supporting facilities.

Susi expressed her hope that more investors would do business in a number of provinces with potential in the two sectors, such as Jakarta, West Java, Central Java, East Java, Bali, Lampung, South Sulawesi, North Sulawesi, North Sumatra and West Sumatra.