November 04, 2024
Monday, November 4, 2024, in the third quarter
of this year, the Kendal Special Economic Zone has succeeded in exceeding the
annual target given by the government. In terms of annual investment
achievement, Kendal Special Economic Zone has succeeded in meeting the
investment target of up to 227% by attracting investment of IDR 40.2 trillion,
while the target given by the government was IDR 17.7 trillion. This investment
comes from the addition of 18 new business entities throughout 2024.
Similar things can also be seen from the
realization of the workforce absorbed. The target given was 15,100 workers
absorbed, but the current realization is 17,353 workers or 115% of the target
given has already absorbed throughout this year. With these realization number,
of course, it has a positive impact on the accumulation of achievements of
Kendal SEZ during the five years of operating as a Special Economic Zone.
With its designation as a Special Economic
Zone in December 2019, this industrial park has shown excellent performance.
Juliani Kusumaningrum as Head of Sales & Marketing revealed various
developments that have occurred in the park after becoming a Special Economic
Zone. "Significant developments are very visible after we became a Special
Economic Zone. The growth is very rapid, both in terms of the number of
business entities, workforce absorption, total investment absorbed, and export
value, increasing by more than 100% from before becoming a Special Economic
Zone. The multiplier effect of granting this Special Economic Zone status is
very real."
Until now, it has been recorded that there are
116 business entities from various countries. This number has increased by 139%
from before it became a Special Economic Zone. The total investment absorbed is
also quite fantastic, reaching IDR 141.7 trillion, where in 2018 the investment
value was recorded at only IDR 4.9 trillion. This increase also has an impact
on the number of workers absorbed in the Kendal Industrial Park. Before
becoming a Special Economic Zone, the workforce absorbed was only around 2,000
people, but from the current number of business entities, it has been recorded
that 61,702 workers have been absorbed. It is noted that recently one of the
Achor Companies from China has joined, which is also the No. 1 Company in
sports apparel. This company will be the largest in the park and absorb more
than 5,000 workers.
This industrial estate itself has been
established since 2016 as one of National Strategic Project as well as a joint
venture project between two leading industrial developers in Southeast Asia,
namely PT Jababeka Tbk from Indonesia and Sembcorp Ltd from Singapore. The
existence of KIP from the beginning was intended to support economic growth,
especially in Kendal Regency and Central Java Province.
Several positive impacts occurred from the
growth of the Kendal Industrial Park. For example, the investment in Kendal
Regency grew by around 340% which had an impact on the growth of labor
absorption. The existence of the Kendal Special Economic Zone also contributed
to the growth of industrial land and infrastructure in Central Java. The growth
also occurred in the increasing number of housings, banking, and F&B
centres around Kendal and Central Java.
One of the things that drives the growth of
the Kendal Industrial Park is the fiscal facilities by the Special Economic
Zone. Investors or business entities in Kendal SEZ can enjoy Corporate Income
Tax reduction in the form of Tax Holidays and Tax Allowances, free VAT, free of
import duties and import taxes. Non-fiscal facilities such as ease of licensing
are also become the factors for foreign and local companies choose Kendal SEZ.
Juliani
also explained that there is another thing that is no less important, which is
the support from various parties. "Of course, we cannot achieve this
achievement alone, it takes a lot of support from various parties. In this
case, we are very grateful to the government, both the local government and the
central government who have continued to support the development of the Kendal
Industrial Park for the past eight years."