By N Mark Castro
The rich marine biodiversity of Indonesia is one of its most invaluable assets, taking a majority part of the so-called Amazon of the ocean or what is commonly referred to as the Coral Triangle, which is recognised as the global centre of marinebiodiversity.
As the world’s largest archipelago, Indonesia’s 5.8 million km2 of ocean has an economic potential that could reach up to US $1.2 Trillion per year. As the 4 largest coastline in the world, it has the potential to employ 40 million people.
And the implementation of Indonesia’s Blue Economy concept is expected to strengthen marine potential sustainably, productively, and environmentally.
Currently, around 50% of the global pearl production comes from Indonesia. Indonesia’s ocean and coastline can help in reducing up to 25% of global carbon emission.
MARINE AXIS VISION
The incoming administration of president-elect Joko Widodo has ushered greater focus on marine development: from sustainability, food security, sovereignty, and continuity. It is not surprising, therefore, to find that he would enjoin the country to go back to the basics, to the fundamentals of food security.
The Badjao people have known this for generations, having lived on the ocean in Southeast Asia, originating from Sulu, Philippines all the way to Indonesia. They have lived off the ocean’s resources, taken what was needed, and always protecting its reserves.
With this mindset, it is very much aligned to the Maritime Axis that president-elect Joko Widodo will roll out in the coming years.
To say that Indonesia’s maritime opportunity isn’t fully optimised is an understatement yet, ironically, ill-advised practices have hurt its fishing industry. The 1st Ocean Investment Summit, initiated by the Ministry of Marine Affairs & Fisheries of the Republic of Indonesia, will address such issues, confront challenges and problems, and provide a roadmap to a public-private partnership that would lead to more sustainable programs.
The summit, which will be held on Oct 1-2, 2014 at the Ritz Carlton Hotel Mega Kuningan, Jakarta, will focus on Blue Economy investment opportunities, ministerial policies, technology, financing, and roadmap for president-elect Joko Widodo’s administration. The summit will bring together some of the leading business leaders from various sectors, governments, academia, and thought leaders to discuss critical issues and opportunities in optimising Indonesia’s vast marine resources. This platform will also drive the natural resources management efficiently so it can generate additional revenue, create more jobs, expand services, ensure non-waste products, as well as responding to food insecurity and energy crisis threats.
Currently, there are seven major industries that have much stake in the ocean. The government has existing framework to ensure that such investments are secured and sustained, while new investors are encouraged and assisted by the government.
- Energy & Mineral Resources
- Oil & Gas (Off Shores building)
- Fisheries & Pharmacies
- Marine Services
It’s quite unprecedented that such government resources and attention are given to a sector that’s oft been neglected. It’s about time, really, especially when such sector can provide sustenance to address poverty reduction and hunger.
The 1st Ocean Investment Summit will be graced by the attendance of Vice-President Boediono for gala presentation of the Ocean Investment Roadmap. Jakarta City Governor and president-elect Joko Widodo will also share the developments on the Jakarta Coastal Bay and Pulau Seribu (Thousand Islands).
Opening Remarks will be given by Minister Sharif C. Sutardjo, Ministry of Marine Affairs & Fisheries.
A key issue that would be addressed is Connecting Maritime Axis and presentations will be given by Ms. Carmelita Hartoto, Chairperson Indonesia National Shipowner Association (INSA), Mr. Arief Yahya, President Director of PT. Telekomunikasi Indonesia (Telkom), Mr. Muhammad Budi Setiawan, Direktur Jenderal Sumber Daya dan Perangkat Pos MCIT.
An interesting discussion would be Financing Connectivity and Maritime Infrastructure and the Keynote Speaker would be Mr. Mulyaman Hadad OJK Chairman and Mr. Budi G. Sadikin, Chief Executive Officer (CEO) / President Director Bank Mandiri.
A particular focus would be given on Accelerating Maritime Energy, and Maritime Industry and the list of speakers are Mr. Wishnu Wardhana – President Director/CEO Indika Energy, Mr. Hendy Prio Santoso – CEO PGN, Mr. Firmansyah Arifin – President Director PT PAL Indonesia (Persero), and Mr. Timothy Moore – Chief of Party USAID.
Putting together these thought leaders in a forum is such a daunting task but one that would benefit stakeholders and the country.
For further information on how you can attend, participate, and find more details on investements, you may visit http://www.oceaninvestment.id or contact me at firstname.lastname@example.org.
Let’s see what lies under the sea.