An Overview of What the BKPM Does in Indonesia
The Indonesian Investment Coordinating Board, or BKPM as it is known locally, is a Government agency in Indonesia. It is a Non-Ministerial Government Agency.
The BKPM was founded in 1973. When it was first established, the agency was a replacement for the Investment Technical Committee. It undertook all the responsibilities and functions of the committee back then. In 2009, this agency was restored to ministry level. It reports directly to the President of the Republic of Indonesia.
What the BKPM Does
The BKPM is the primary interface between the Government and local businesses. Among the responsibilities of this agency include:
- Implementing policies
- Coordinating investment services in accordance with regulations and provisions
- Seek out foreign and domestic investment
- Seek out quality investments that will help to drive the economy
- Boost foreign and domestic direct investment
- Boost domestic direct investment among small and medium enterprises (SMEs)
- Create a conducive investment climate in the country
- Improve the ease of doing business in Indonesia
- Encourage more collaboration between large investments and local entrepreneurs
The Organisational Structure
BKPM is headed by a Chairman. This is in accordance with the BKPM Regulation no. 90/2007. Bahlil Lahadalia has been the Chairman of this agency since October 2019.
If you would like to find out more, the information is available on their website here.