Bahlil Ensures KIT Batang Ready to Accept Investors This Year

   

Chairman of the Indonesia Investment Coordinating Board (BKPM) Bahlil Lahadalia continues to supervise the construction progress of Batang Integrated Industrial Estate (KIT) in Central Java by visiting the Grand Batang City on February 14, 2021. This visit aims to ensure that the construction of KIT Batang is in line with the initial plan. Currently, several large companies are committed to entering Grand Batang City. The companies are LG Energy Solution which invests together with a state-owned consortium worth Rp 142 trillion in the integrated electric battery industry; automotive glass factory KCC Glass with an investment value of IDR 3-4 trillion; Alpan Lighting LED from America; and Wavin pipe industry from the Netherlands.

KIT Batang is a well-prepared location provided by the Indonesian government for both foreign investment (PMA) and domestic investment (PMDN). The construction of KIT Batang covers an area of ​​4,300 hectares. It will be divided into 3 (three) phases, of which phase I of 450 hectares is targeted to complete in 2021. The fundamental infrastructure development at KIT Batang is estimated to complete following the plan in May 2021. After that, the Grand Batang City will be ready to accept tenants.

Investing in KIT Batang will bring several benefits for investors, including five years of free land lease and cheaper investment license fees. Besides, BKPM is also ready to assist in the processing of operational licences and other business licenses both at the
central and regional levels. This is a strategic step taken by the government
to improve Indonesia’s competitive advantages in global competition.

Another advantage is its strategic location. It is located only one hour from Semarang city and 400 meters from the nearest
toll gate. In addition, the existence of railway and port facilities that will be built make the connectivity of this region more competitive.