Investment stands as a pivotal indicator for the economic growth of a region, and presently, West Java Province has become an exceptionally attractive investment destination. Over the past five years, the investment realization has exceeded IDR 800 trillion, reaching a record IDR 174.6 trillion in 2023, as highlighted by the Acting Governor of West Java, Bey Machmudin, through his Economic and Development Advisor, Dodo Suhendar, during the opening of the West Java Mining Forum (WJMF) 2023 in Mason Pine Hotel, West Bandung Regency. Dodo Suhendar emphasized the employment impact of investments, revealing that every IDR 1 trillion of investment can generate employment for 1,000 individuals. Therefore, with an investment of IDR 174.6 trillion, approximately 174,000 job opportunities can be created. The substantial investments in West Java have significantly contributed to the region's economic growth, with the province achieving the highest economic growth rate in Java Island last year, at 5.45 %. In the second quarter of 2023, West Java's economic growth has already surpassed the national average, reaching 5.17 %. Apart from driving economic growth, the mining sector in West Java creates employment opportunities, thus reducing unemployment rates. Additionally, the sector's revenue contributes to funding other developmental programs, including education and healthcare.
The West Java provincial government is actively promoting innovation in environmentally friendly mining technologies. Dodo highlighted that the use of cutting-edge technology can mitigate the negative impacts of mining on the environment while enhancing efficiency and productivity in the sector. In conclusion, the West Java Mining Forum (WJMF) 2023, themed "Sustainable Mining For A Better Mining Future In West Java," serves as a platform to gather input from stakeholders, build synergy, and enhance harmony in supporting responsible mining management in West Java. The forum focuses on achieving Sustainable Development Goals (SDGs) and evaluating the implementation of regulations and policies to ensure environmentally and socially compliant mining activities. The comprehensive annual forum organized by the West Java Department of Energy and Mineral Resources underscores the commitment to good mining governance. The event includes collaborative agreements among representatives holding Mining Business Permits (IUP) to adhere to responsible mining practices. It further features presentations by Ministry of Energy and Mineral Resources officials and panel discussions involving government representatives, legal authorities, academics, associations, and industry players.
