NewzMinister of Industry Agus Gumiwang Kartasasmita stated that the success of industrial estate development in Indonesia will now be measured primarily by occupancy rates. This shift in evaluation criteria is intended to ensure that industrial zones are effectively utilized and contribute directly to national economic growth.
To support this objective, the Ministry of Industry is currently drafting a new Industrial Estate Bill. The proposed legislation is designed to streamline regulatory processes and remove existing barriers to investment, aiming to create a more favorable environment for businesses operating within these designated areas.
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