Sri Lankan entrepreneurs have opportunities to invest in the Indonesian construction, power and energy sectors opined Investment Promotion for East Asia, South Asia, Middle East & Africa officer, Cahyo Purnomo.
He said this at the event hosted by EDB in collaboration with Sri Lanka Embassy in Jakarta titled “Indonesian Investment opportunities for Foreign Investors” with the Directorate of Investment Promotion of Indonesia and the Ministry of Investments of Indonesia.
The event was held to provide Sri Lankan industry representatives with valuable insights on Investment/tender opportunities available for Foreigners in Indonesia in the construction and Energy sectors and how a company can become a part of an Indonesian project, what are the requirements to be met, limitations in financial transactions and Tax structure for foreigners. The discussion was conducted for the industry representatives of construction services and power and energy services sector to make them aware of potential business partnerships in Indonesia.
“This awareness will help Sri Lankan industrialists to develop effective business strategies for the Indonesian market in coming years.”
Purnomo highlighted that Indonesia’s competitiveness is upfront in the IMD World Competitive ranking and now in the top three countries in Asia as per the economic performance, business competitiveness, government efficiency and infrastructure.
“Also the 5 main sectors of investments from Sri Lanka during the last 5 years were food industry, chemical pharmaceutical industry, trade and residential, industrial and office areas. In addition Indonesia is very open for capital movement and offers nondiscriminatory treatment for foreign investors taking a balanced approach on domestic investment and foreign investments.”
For electricity projects there is an investment scheme where maximum allocation for foreign investments is 10 MW up to 100% for EPC (Contractor), PPU (Private Power utility), IPP (Independent Power Producer) and PPP Public Private Partnership).
Representing the Sri Lanka Construction and Power and Energy Industry Associations, Priyantha Perera, President, Major Constructors of Sri Lanka (MCSL), Archt. Jayantha Perera, President, Chamber of Construction Industry Sri Lanka (CCISL) and Firdowsy Ismail, Small Hydro Power Association/Director/ CEO Eco Power Group and representatives from several private companies participated.
