Improving the Downstream Roadmap, BKPM Boosts the Blue Economy Sector

The Ministry of Investment and Downstream/Investment Coordinating Board (BKPM) is improving the downstream roadmap for 28 priority commodities to optimize the existing economic potential. One of the key focuses of the update in the blue economy sector is specifically products derived from marine commodities.

“The downstream roadmap includes marine commodity products as an investment focus, but the regulations are still scattered across various ministries. The Ministry of Investment/BKPM will draft the regulations, but the legal form could be in the form of Regulation of the President, Regulation of the Government, or Regulation of the Minister,” said Delfinur Rizky Novihamzah, Director of Business Empowerment at BKPM, to Hukumonline.

There are at least 28 downstream priority commodities in the roadmap that the government is currently refining, including mineral, coal, oil and gas, plantation, forestry, fisheries, and maritime sectors. The government also ensures that investors that enter the downstream sector can encourage large-scale investment collaborations with local entrepreneurs, as stipulated in Regulation of the Minister of Investment/Head of BKPM No. 1 of /2022 .

“The main point is to compile the entire supply chain from upstream to downstream. We will identify the points with the highest economic value and focus our development there,” he concluded.