PORTALJABAR, BANDUNG CITY - The West Java Provincial Government together with the West Java Bank Indonesia Representative Office continue to strive to improve the investment climate in Indonesia through various initiatives designed to attract more foreign investment and support economic growth.

One of them is through the "flagship" synergy of the annual West Java Investment Summit (WJIS) program.
In a "talk show" entitled Bewara Jawa Barat (BEJA) Vol.10 which was held on Tuesday (17/9/2024), BI Jabar together with the West Java Provincial Government explained the plan to hold WJIS 2024.

Head of the West Java Investment and One-Stop Integrated Services Agency (DPMPTSP) Nining Yuliastiani said that empowering MSMEs is the target of the West Java Provincial Government at this year's WJIS, which will be held on September 19, 2024 .

Nining explained that WJIS 2024 will discuss the "supply chain", namely how certainty of the availability of industrial needs in the future can be an attraction for investors, from the 210 investment projects offered.

"We are trying to prioritize partnerships with IKM (Small and Medium Industries) or UMK (Micro and Small Enterprises) in West Java to be able to enter the supply chain of large industries or those that are export-oriented," said Nining.

"We must prepare how MSMEs have competitiveness and competence in meeting industry needs, as suppliers, and providing the necessary raw materials," he added.

Nining hopes that in the future, the needs of the industries that enter can be fully met by MSMEs so that our MSMEs are more actively involved.

"That's what we will do at the West Java Investment Summit," he said.

Meanwhile, Deputy Head of BI West Java Muslimin Anwar explained that direct investment coming in through WJIS can help maintain economic stability in an uncertain global situation, accelerate technology transfer and innovation, strengthen exports, sustainable development and green economy, and strengthen regional and international collaboration.

"Maintaining West Java's investment performance will have a positive impact on capital inflows, which will later have an impact on the stability of exchange rates and prices," said Muslimin.

"The positive perception formed from Indonesia's economic performance can ultimately maintain controlled inflation and monetary stability up to the payment system," he added.

According to Muslimin, in an effort to prepare projects to be offered at WJIS 2024, BI West Java together with the local government has carried out a series of Road to WJIS 2024 programs.

The series of programs includes curating the best projects in West Java through the West Java Investment Challenge, facilitating the preparation of feasibility studies in collaboration with selected Public Appraisal Services Offices (KJPP) to increase investor confidence.

Other programs include conducting the West Java Investment Roadshow which aims to disseminate projects that have been curated in the "Investment Challenge" to potential investors for IPRO (Investment Project Ready to Offer) in West Java, as well as the West Java Investment Summit which includes a "one-on-one meeting" to agree on investment.

Various collaborative synergy efforts will continue to be improved to keep West Java as a prima donna for investment in Indonesia.

"Bank Indonesia is committed to continue facilitating and supporting the flow of investment inflows, ensuring that Indonesia, especially West Java, remains a major destination for investors along with contributions to broader economic development in Indonesia," he explained.

"Dedicated to supporting this effort through active participation in investment promotion events, building partnerships and improving the integration of investor relations activities," concluded Muslimin.