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Home arrow Latest News arrow Minister of Industry Hunting for Foreign Investors to Switzerland


				
			
			
Minister of Industry Hunting for Foreign Investors to Switzerland PDF Print E-mail
Written by Maizer   
Thursday, 23 January 2020

Minister of Industry Agus Gumiwang Kartasasmita aggressively netted prospective foreign investors in the World Economic Forum (WEF) 2020 event held in Davos, Switzerland.

 

In the international meeting which was held on January 21-24, 2020, the Minister of Industry conveyed a variety of Indonesia's potentials and efforts to develop the manufacturing industry.

 

That was also revealed by Agus when meeting with a number of global scale industry players, such as Nestlé and Amazon Web Services, Inc.

 

"One of our interests is looking for potential investors. We say that Indonesia has a wealth of natural resources and a very large market, "he said

 

To these prospective investors, Agus said the Indonesian government was now also determined to spur the competitiveness of the manufacturing sector, especially with the adaptation of the industrial revolution 4.0.

 

He said the Ministry of Industry targeted a number of potential investors from priority industry sectors in the Making Indonesia 4.0 road map, namely the food and beverage industry, the textile and clothing industry, the automotive industry, the chemical industry, and the electronics industry.

 

"We approach prospective investors in the five sectors, because of that sector can contribute up to 60% to GDP, exports and labor," said Agus.

 

Agus is optimistic that the influx of investment from the industrial sector can strengthen the structure of manufacturing in the country while producing imported substitute products and spurring exports.

 

According to Agus, prospective investors are now starting to be interested in targeting Indonesia as the main destination country for investment because they see changes and policy updates that can make it easier to run a business, including the plan to establish the Omnibus Law.

 

"Industrialization activities have provided a broad multiplier effect on the economy, such as an increase in the value added of raw materials, employment, and foreign exchange earnings," he said.

 

 

 
		
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