TEMPO.CO, Jakarta - This year is considered to be a political year for Indonesia due to the series of regional elections that will be held simultaneously. This moment is believed to have a positive impact on the growth of the national food and beverage industry.
The activities related to the 2018 regional elections (Pilkada) will potentially increase the domestic food and beverage consumption.
“We predict that the performance of the food and beverage industry this year will grow a moderate 8-9 percent,” said Panggah Susanto, the Industry Ministry’s Director General of Agro-Industry today, Jan. 31.
Read: Food and Beverages Industry Grows 6.46 Percent
According to the ministry’s records, the food and beverage industry grew 9.46 percent during the third quarter of 2017, which is considerably higher than the national economic growth of 5.06 percent during the same period.
Susanto said that this industry has contributed significantly towards the national economic growth, especially towards the country’s non-oil and gas GDP. By last year’s third quarter, the food and beverage industry contributed a total of 34.95 percent.
Meanwhile, in the January-September 2017 period, investment values in the food and beverage industry reached Rp27.9 trillion for domestic investments and US$1.4 billion for foreign investments.
ANTARA
