The Positive Investment List is an initiative by the Indonesian government to liberalize various business sectors for foreign investment through Presidential Regulation Number 10 of 2021, which was later amended to Presidential Regulation Number 49 of 2021 (PR 49/2021). This regulation opens more than 200 business sectors, including transportation, energy, and telecommunications, to foreign investment.

The main principle of this positive investment list is that all business sectors are essentially open to 100 percent foreign investment unless specific restrictions apply. PR 49/2021 represents one of the largest steps in liberalizing foreign ownership in Indonesia since the introduction of the negative investment list in the 1980s.

The government has categorized business sectors into four main groups:

1. Priority sectors that receive special attention.

2. Business sectors with specific requirements or restrictions.

3. Business sectors open to large companies, including foreign investors, but must partner with cooperatives and micro, small, and medium enterprises (MSMEs).

4. Business sectors fully open to foreign investment without restrictions.