Optimism in the industrial sector continued to be seen in the fourth quarter of 2021 with the return of the Manufacturing PMI at an expansionary level with an achievement of 53.5. The utilization of the processing industry also continued to increase and reached the highest of 67.6 percent. Imports of capital goods and raw materials also grew by 23.1 percent and 60.5 percent year on year (yoy) in November 2021. This reflects that the industrial sector is increasingly solid in supporting the national economic recovery. Coordinating Minister Airlangga Invites Students to Take Advantage of Business Opportunities Coordinating Minister Airlangga Explains Preparation of the G20 Agenda in a Still Pandemic Condition Coordinating Minister Airlangga: The 2022 National Education Program Anticipates Various Possibilities.
"Through the creation of new economic centers, the establishment of strategic economic zones, as well as providing attractive incentives for various Industrial Estates (KI), including Special Economic Zones (SEZ). The government continues to encourage economic recovery and increase investment in the regions," said Coordinating Minister for the Economy Airlangga Hartarto in a virtual national dialogue event entitled Strategy to Increase the Competitiveness of Indonesian Industrial Estates organized by the Industrial Estates Association (HKI), Thursday (27/1/2022). ).
On the occasion, Coordinating Minister Airlangga also said that KI development was prioritized outside Java and was focused on accelerating the provision of supporting facilities, infrastructure, and accelerating licensing. In order to encourage increased investment, as well as forms of cooperation between the Government and Business Entities.
“Increasing competitiveness in the industrial sector cannot be separated from infrastructure support, also related to technology applications. Of course, industries based on downstream, import substitution, export orientation, as well as deepening the value chain structure require strong human resources," he explained.
Airlangga also said that the government had issued Government Regulation (PP) Number 28 of 2021 concerning the Implementation of the Industrial Sector. Through the PP, it is hoped that an industry will be able to become a lever for regional economic development, expand job opportunities and also increase export competitiveness, and be able to attract investment both from within the country and abroad.
The government continued to accelerate the PSN program through accelerating regional infrastructure development to support industrial development. The total investment for these activities reached Rp 5,698.5 trillion, the contribution from the private sector was close to 70 percent.
"As of November 2021, 32 projects have been completed. Meanwhile, 25 projects and 7 programs have partially operated, 93 projects are in the construction stage, 10 projects are in transaction, especially financing, and 48 projects are in the preparation stage," he said.
In connection with the Indonesian Presidency at this year's G20 Forum, Airlangga reiterated that this momentum will directly encourage increased employment, increase domestic consumption, and increase national GDP. This is a momentum for business and industrial players who are also in the area or who are gathered in the Indonesian Chamber of Commerce and Industry.
Of course, this will also be facilitated in the implementation of Business 20 (B20), in order to strengthen business-to-business cooperation between industry and business players. "We need to continue to attract investment, especially to improve competitiveness in various sectors where added value and the value chain needs to be deepened, including food and beverage, automotive, chemical, pharmaceutical, textile products, and health," he explained.
Therefore, he continued, it is important to develop business models that can encourage ecosystems to be more competitive in regional markets. "Of course we hope that business actors, economic actors and also entrepreneurs from IPR can provide input as well as efforts to absorb and promote investment in Indonesia," said Airlangga.
