INA and Kadin Indonesia Collaborate to Enhance Investment Ecosystem in Indonesia

JAKARTADAILY.ID – As part of efforts to strengthen the investment landscape in the country, the Indonesia Investment Authority (INA) has entered into a strategic collaboration with the Indonesian Chamber of Commerce and Industry (Kadin Indonesia) by signing a Memorandum of Understanding (MoU). 

This synergistic partnership aims to strengthen the role of each party in the Indonesian investment ecosystem, as well as explore potential investment opportunities to drive the development of various projects throughout the archipelago.

Established in 1968, Kadin Indonesia has been an important partner of the Indonesian Government in promoting the nation's economic growth and development, particularly in trade and investment.

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As the voice of all Indonesian business actors, including SOEs, private companies, and cooperatives, Kadin plays a crucial role in shaping the business landscape. Meanwhile, INA, as a sovereign wealth fund, has a mandate to build prosperity for future generations and contribute to sustainable economic development in Indonesia.

Unified by the same vision to advance Indonesia's economy, the collaboration between INA and Kadin Indonesia reinforces their commitment to fostering a strong and well-connected investment ecosystem.

As outlined in the MoU, INA and Kadin Indonesia will initiate collaboration in various aspects, including exchanging information and mapping investment potential, including identifying potential areas or transactions for collaboration. This partnership will also facilitate introductions to potential investor partners, to unlock new synergies and drive impactful investments.

Chairman of the Board of Directors of INA, Ridha Wirakusumah, stated that the collaboration with Kadin Indonesia marks an important step in INA's continuous efforts to strengthen the investment ecosystem in Indonesia.

"Through this synergistic partnership, we aim to unlock various opportunities and drive dynamic collaborations, which will contribute to sustainable economic growth and increased competitiveness of Indonesia's economy," he said on Tuesday, April 18, 2023.

Chairman of Kadin Indonesia, Arsjad Rasjid, stated that as the only representative of the Indonesian business community, Kadin is committed to promoting investment growth in Indonesia.

With Indonesia's economy growing by 5.31 percent in 2022, and more than USD 45 billion in Foreign Direct Investment in 2022, Indonesia is the right location for investment.

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"Our partnership with INA will strengthen our role in the investment ecosystem in Indonesia by promoting investment opportunities, leveraging our wide business network and industry expertise to identify and showcase investment opportunities to INA and other foreign investors. This strategic collaboration is an important step in promoting a well-connected and robust investment landscape in Indonesia," Kadin Indonesia writes.

The partnership between INA and Kadin Indonesia adopts a forward-thinking approach to develop a more connected and robust investment ecosystem in Indonesia.