The Coordinating Board of
Investment (BKPM) set target for portion of the Manufacturing sector up to
52.7% or Rp.313.5 trillion of the entire investment realization of 2016 which
was targeted at Rp.594.8 trillion, Head of BKPM Franky Sibarani stated that
increase of portion of investment of the manufacturing sector was an effort to
enhance transformation of Indonesia’s economy from consumer based to production
based. This was press release of BKPM on Tuesday (18/8)
President Jokowi stated in his speech upon presenting
financial report of 2016 which mentioned change in economic paradigm from
consumptive to productive. Be enlarging the portion of investment realization
in the manufacturing sector would help promote industrialization sector would
help promote industrialization in the future.
Franky specified that growth of investment realization
was expected to be from basic metal industry, metal goods, machineries and
electronics, basic chemical industry; F&B industry; paper industry, goods
and paper and printer; and other manufacturing industry. he was optimistic that
target of investment growth of the manufacturing sector could be met
considering attainment of Semester I/2015 where investment realization still
grew 20,47%.
Amidst slow growing economy, investment realization of
some industry in the manufacturing sector could grow high, such as metal
industry, chemical industry, textile industry, and wood industry although some
industry lines needed attention like food and footwear industry.
To realize the target, BKPM placed the industry sector
high on priority list as investment beside infra-structure, agriculture,
maritime, and tourism. Franky underscored he would coordinate with ministries
and other institutions to promote pro-investment policies. He said that
investors orientation labor intensive industry and export was in line with the
Regional Minimum Wages Formula (UMR) which should be valid for at least 5
years, and trade collaboration with counterpart states to step up
competitiveness in export. (SS)
Business News - August 21, 2015
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