Indonesia – Minister: Investments in the Industry Sector Improves

• Oct 09, 2017

TEMPO.CO, Jakarta – The Indonesian Government recently recorded a 2.80 percent capital investment increase in the industrial sector. The domestic investment value increased from Rp50.70 trillion on the first semester of 2016 to Rp52.22 trillion at the same semester of 2017.

Minister of Industry Airlangga Hartato is optimistic that the growth of the national industry during its second semester will bring better results. “Coinciding with the implementation of several economic packages issued by the government,” said Airlangga through a press release issued on Saturday, October 7.

He explained that the domestic capital investment in the industry sector contributed 40.15 percent from the total domestic investment for the first semester of 2017 which equated to Rp129.80 trillion. Meanwhile, foreign investments in the industrial sector contributed to 45.43 percent during the first semester of 2017.

Airlangga is optimistic that the deregulation package that was issued by the government will be able to create a conducive investment climate which will eventually facilitate industry players’ businesses in Indonesia. He is committed to improving the growth of non-gas and oil industry, which has hugely contributed to the national economy.

“We are focused on down-streaming the industry. Other than being the dominant force behind Indonesia’s economy, it will also bring a multiplier effect through an improved value increase of local raw materials, employment, and export revenues,” said Airlangga.

Source: https://en.tempo.co/read/news/2017/10/09/056912131/Minister-Investments-in-the-Industry-Sector-Improves