IIPC

On Friday, July 26th, Minister of Investment/Chairman of the Investment Coordinating Board (BKPM), Bahlil Lahadalia, accompanied President Joko Widodo in the inauguration of the Grand Batang City (KITB) in Central Java. This inauguration marks a strategic step in accelerating economic growth in Indonesia.

Grand Batang City (KITB) offers a strategic 4,300-hectare land for industrial, retail, and commercial development. With its vast area and modern facilities, KITB is expected to

become a new magnet for investment in Indonesia. This area is designed with the concept ofSmart and Sustainable, integrating the values of nature, humanity, and sustainability as its three main pillars. This approach is applied to create innovations in both business and sustainable industrial ecosystems, making KITB an attractive destination for investors.

Bahlil Lahadalia, Minister of Investment/Chairman of the Investment Coordinating Board (BKPM), reported that 18 companies have already joined KITB, employing around 19,000 workers. This shows the immense potential of this area in creating jobs and driving local economic growth. The government has an ambitious target of creating 250,000 new jobs within the next ten years, which will improve the welfare of the surrounding community and reduce unemployment rates.

With its modern infrastructure and strategic location, KITB offers various opportunities for companies to grow. The facilities provided in this area not only support industrial operations but also consider environmental sustainability aspects. The focus on using advanced technology and eco-friendly business practices is a key element in the development of KITB, creating a sustainable and competitive industrial ecosystem.

Moreover, KITB is also expected to enhance Indonesia's economic competitiveness on the global stage. By attracting more foreign investment, Indonesia will strengthen its position as a major player in the global economy. The government is committed to creating a conducive environment for investment, ensuring that investors can conduct their business safely and comfortably.

The development of KITB aligns with Indonesia's broader economic strategy to diversify its industrial base and reduce reliance on traditional sectors. By fostering a business-friendly environment, the government aims to attract innovative companies that can driventechnological advancement and sustainable practices in the region. This strategic move is expected to create a ripple effect, boosting related industries and services, and fostering anecosystem that supports continuous growth and development.

Additionally, the emphasis on sustainability within KITB reflects Indonesia's commitment to global environmental goals. The integration of green technologies and sustainable practices not only helps protect the environment but also positions KITB as a forward-thinking industrial estate. This makes it more appealing to international investors who prioritize environmental, social, and governance (ESG) criteria in their investment decisions. 

Grand Batang City's sustainable model can serve as a blueprint for future industrial developments across the country, promoting a balance between economic growth and environmental stewardship.

The inauguration of Grand Batang City by President Joko Widodo and Minister Bahlil Lahadalia marks a significant milestone in Indonesia's journey towards stronger and more sustainable economic growth. With full government support and a commitment to sustainable innovation, KITB is ready to become a promising new center of economic activity in Indonesia. For investors seeking golden opportunities, Grand Batang City offers great potential for business development and promising returns. Let's support and succeed in the development of Grand Batang City for a brighter future.