BKPM is an acronym that stands for Badan Koordinasi Penanaman Modal, which translates to the Indonesian Investment Coordinating Board in English. It is a government agency established in Indonesia to facilitate and promote both domestic and foreign investment in the country. The role of BKPM is to create a conducive investment climate while ensuring efficient coordination and streamlining of investment procedures.
The primary objective of BKPM is to attract investments that contribute to the country's economic growth, job creation, and technology transfer while maintaining an environmentally sustainable approach. It acts as a one-stop service center for investors, providing them with support and guidance throughout the investment process. This includes assistance in obtaining necessary permits, licenses, and establishing cooperation and partnerships with relevant government agencies and other stakeholders.
BKPM plays a vital role in formulating policies related to investment promotion and facilitation, ensuring consistency in regulations, and removing barriers to investment. It actively seeks to improve the investment climate in Indonesia by regularly engaging with investors, addressing their concerns, and proposing policy reforms that promote ease of doing business.
Through its activities, BKPM aims to attract both domestic and international investors by highlighting the competitive advantages of investing in Indonesia, such as its strategic location, abundant natural resources, and a growing consumer market. By providing transparent and efficient processes, BKPM contributes to creating a business-friendly environment, enhancing investor confidence, and fostering sustainable economic development in Indonesia.
