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Jakarta, CNBC Indonesia – The government’s plan to establish a Sovereign Wealth Fund (SWF) or better known as the Nusantara Investment Authority (NIA) is increasingly open. The formation of this financial institution will also partner with a number of potential foreign investors.
Two ministers, namely the Coordinating Minister for Maritime Affairs and Investments Luhut Binsar Pandjaitan and the Minister of State-Owned Enterprises (BUMN) Erick Thohir, have met with potential investors in the land of Sakura, Japan.
On the official Twitter account of the Indonesian Embassy in Japan, @KBRITokyo, it was reported that the ministerial duo had met with important conglomerates in this country, such as Mitsui & Co, Mitsubishi Corporation and Sojitz.
“The Japanese government and businessmen warmly welcome the initiative of the Nusantara Investment Authority,” the account wrote on Thursday (03/12/2020).
“Menkomarves and the Minister of BUMN Marathon met with each other with the CEO and ED Mitsui & Co, President of Mitsubishi Corp and CEO of Sojitz Corp.”
In his official statement this afternoon, Heri Akhmadi, the Indonesian ambassador to Japan, said that the visit of the two ministers was also a follow-up to the agreement between the Indonesian president and the Japanese prime minister in Bogor on October 20, 2020.
According to the plan, Luhut and Erick are scheduled to meet with various officials from the Ministry of Economy (METI) and various financial institutions in Japan, including the Japan Bank for International Cooperation (JBIC).
NIA is an institution that will function to manage investment and support the economic development of Indonesia. The Indonesian government hopes that the NIA can promote the improvement of the investment climate, develop the value of state assets and support economic development, in particular by supporting the realization of national priority projects.
In addition to exploring support from Japan, the Indonesian government is also exploring support from the United States and the United Arab Emirates.
[Gambas:Video CNBC]
(hps / hps)
