Indonesia waives charges for five-year land lease in Central Java's industrial estate

Source: Xinhua| 2021-01-28 19:18:01|Editor: huaxia

JAKARTA, Jan. 28 (Xinhua) -- The Indonesian government will waive the charges for five years of land lease by foreign investors in an industrial zone in Central Java province, an official said.

President Joko Widodo offered a period of five years for free for investors in the industrial zone located in the province's Batang district, who will only pay for electricity and water during the period, the district's chief Wihaji was quoted by Antara news agency as saying on Thursday.

According to Wihaji, this is part of the government's strategy to help the Batang Integrated Industrial Zone attract investment.

In addition, the district administration will also take measures to facilitate the investment procedure for foreign investors, the district head said.

"We will make it easier for investors in order that their companies operate first. After that they would make money and economic activities would continue to run," he said.

Wihaji said that after five years, investors are welcome to ink land lease contracts for the next five years or 30 years.

He reaffirmed that almost everything related with leasing land in the industrial estate in Batang is free of charge, except for construction permits, which are also relatively small in value.

"We will make it easier for everything in accordance with the prevailing laws and regulations. Investors are welcome to apply for permits," he said, adding that there are 23 foreign and domestic investors showing interest.

` He added that the investors are expected to provide about 10,000 jobs locally. Enditem