TEMPO.CO, Jakarta - Minister of Industry Airlangga Hartanto announced the prioritization of five investment and export sectors meant to boost Indonesia’s 4.0 Industry.
Such sector comprises the food and beverage, textile and clothing, automotive, chemicals, and electronic industry.
“These five manufacturing sectors significantly contribute to Indonesia’s economy,” said Airlangga in a written statement on Wednesday.
Data from the Industry Ministry show that the total investment value of the manufacturing industry in 2018 reached Rp222.3 trillion. The main sector contributing to that is the steel industry, machinery, and electronics, medical instrument industry, precision, optics and watches that generated Rp60.12 trillion.
Food and beverage industry in 2018 also managed to generate investment value up to Rp56.60 trillion, while the chemical and pharmaceutical industry generated Rp39.31 trillion.
“The government’s formula to reduce imports is by boosting the growth of import substitution industry. Moreover, we increased export-oriented investments to improve exports,” said Minister Airlangga.