JAKARTA, May 6 (Xinhua) -- Indonesia is deregulating its local content requirement policy, locally abbreviated as TKDN, to simplify business operations for archipelago investors, a minister said on Tuesday.
"Essentially, we are currently discussing reforms in governance, business processes, and the calculation method for TKDN certificates," said Indonesia's Minister of Industry, Agus Gumiwang Kartasasmita, at an electric vehicle (EV) summit.
He added that the deregulation aims to make TKDN certificates faster, simpler, and cheaper to obtain, thereby improving Indonesia's investment climate.
"What previously took a year, we aim to shorten to three months; what took three months, we aim to reduce to 10 days," the minister explained.
The TKDN policy is part of Indonesia's broader industrial strategy to boost domestic manufacturing, create jobs, and strengthen local supply chains.
Kartasasmita noted that the deregulation process began in early February this year, predating U.S. President Donald Trump's April executive order on reciprocal tariffs for certain trading partners.
He said his ministry hopes to finalize the changes soon. ■
