Dr. Wahidin Raya Street No.1 Jakarta 10710
134 ID | EN

This is Government Synergy to Increase Manufacturing Sector

Jakarta, 13/08/2019 MoF - Deputy Governor of Bank Indonesia (BI Deputy Governor), Dody Budi Waluyo stated that the manufacturing sector is very strategic to encourage Indonesia's economy to grow higher and be sustainable so that Indonesia can escape from the middle income trap.

He stated this in an international seminar themed "Structural Transformation through Manufacturing Sector Development for High and Sustainable Economic Growth" with Bank Indonesia (BI), the Coordinating Ministry for Economic Affairs, and the Ministry of Industry on Monday (12/08) in Jakarta as quoted from the BI website.

From the policy issued by the Ministry of Finance to support the manufacturing sector, the Head of Center for Policy of the State Fiscal Policy Agency (PKPN BKF), Rofyanto Kurniawan stated that in supporting the increase in exports, investment and industrial competitiveness, the government provided incentives fiscal and tax initiative schemes for industries that support vocational education as well as research and development.

Raden Edi Prio Pambudi from the Coordinating Ministry for the Economy conveyed the need for synergy and synchronization between policy makers in formulating a policy strategy to strengthen the manufacturing industry through picking the winner of priority sectors, improving the investment climate, building infrastructure and connectivity, and improving human resources.

Doddy Rahadi from the Ministry of Industry emphasized the "Making Indonesia 4.0" strategy by increasing productivity and competitiveness in 5 (five) priority industries, namely the food and beverage industry, the automotive industry, the electronics industry, the chemical industry, as well as the textile and textile products industries. (nr/ds)