REPUBLIKA.CO.ID, JAKARTA - Government restrict foreign investment in agricultural sector. Foreign investors may be allowed to invest 30 percent while the other 70 percent through partnership with local investors.
Deputy Minister of Agriculture, Rusman Heriawan said the potential investors must abide by the rule. Japanese investors for example, they have an issue with ownership status despite their keen interest to invest in Indonesia.
"We have regulation on this subject. Even the our national investment list (DNI) also abide by the rule so must the investors," Heriawan said recently.
Government abolished the previous regulation the use the Presidential Decree No. 36/2013 instead after some assessment on investment climate in Indonesia. Government then decided the investment to restricted on six horticulture businesses on seeding, cultivation, processing industry, business research, and quality control laboratory. The decree also regulates agro horticulture tourism and some other services.
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