Indonesia Invites Foreign Investment in Forestry, Ecotourism Sectors

JAKARTA ~

The Indonesian government has invited foreign investors to develop the forestry, marine and fishery sectors, including ecotourism, as per Presidential Regulation (Perpres) Number 39/2014 signed by President Susilo Bambang Yudhoyono on April 23, 2014.

The forestry business lines are allowed to have foreign investment reaching a maximum of 51 percent of the total shares, including hunting concession in hunting parks and blocks (49 percent maximum); captive breeding of wildlife and plants and coral cultivation outside the conservation area (49 percent maximum); and ecotourism in forest areas (51 percent maximum), the Cabinet Secretariat noted on its official website, Monday.

The business lines reserved for micro, small, and medium businesses and cooperatives are, among other things, the capture and distribution of plants and wildlife (TSL), such as snakes, lizards, tortoises, labi-labi, and crocodiles from their natural habitats; cultivation of other forest plants, such as Aren, pecan, Acid seeds, charcoal raw materials, and cinnamon; non-timber primary industrial forest products, such as pine sap and bamboo; cultivation of swallow’s nests in nature; swan timber with a capacity of two thousand cubic meter per year; and the rattan processing industry.

The business lines of the marine and fishery sector opened for partnership are aquaculture of brackish water and fresh water fish, fish hatchery, fish and fishery product processing businesses.

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