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Corona virus outbreak is indeed causing anxiety among the people of Indonesia. However, the deadly virus is actually considered not to have a significant effect on the industrial sector in Indonesia, including in the East Java Industrial Zone JIIPE.
The most influential thing in the industrial estate in Indonesia, one of which is in the East Java Industrial Zone JIIPE, JIIPE apparently came from the political situation during the election period one year ago. During this period investors were reluctant to join industrial estates in Indonesia, including the East Java Industrial Zone JIIPE, JIIPE, on the grounds of waiting for the results of the presidential election and information on the sustainability of programs and regulations from the previous president.
In the fourth quarter of 2019, that is, after the post-election political situation subsided, investors decided to enter the industrial area in Indonesia, for example the East Java Industrial Zone JIIPE.
Moreover, because the Omnibus Law program launched by the elected president and president of the previous period, Joko Widodo. For investors, Omnibus Law has increased their interest in opening factories in industrial estates in Indonesia because the regulation will ensure better services and easier licensing processes.