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Sunday, 25 November 2018 18:05

Government Remains Focused on Reinforcing Industrialization

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Head of Industrial Research and Development Agency (BPPI) of the Ministry of Industry, Ngakan Timur Antara Head of Industrial Research and Development Agency (BPPI) of the Ministry of Industry, Ngakan Timur Antara ANTARA

The Indonesian government will remain focused on accelerating the country`s industrialization as it will bring multiplier effects to national economy.Therefore, the government is resolved to create conducive investment climate,Head of Industrial Research and Development Agency (BPPI) of the Ministry of Industry, Ngakan Timur Antara, said in Jakarta on Sunday (11/25).Ngakan said his agency has taken strategic steps such as economic policy packages, incentives and ease of doing business facilities.The multiple effects of the policy included added values of raw materials, local workers absorption, increase in foreign exchange earning from exports, taxes and excise duties.The efforts could accelerate even distribution and national inclusive and quality economic growth. This leads the government to carry out economic transformation which shifts consumption- to manufacturing-based economy.The Ministry of Industry is consistent with the implementation of the industrial down-streaming in the non-oil/gas processing sector with an emphasis on stock chain approach so that it would be more competitive in the domestic, regional and global levels.Referring to Central Statistics Agency (BPS) data, in the third quarter of 2018, the manufacturing industry still has the largest contribution to the national gross domestic product (GDP) of 19.66 percent. (ANTARA)

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