Year 2018, Industry Minister Projects National Industrial Growth of 5.67%

By : Ridwan And Aldi Firhand. A | Monday, December 11 2017 - 16:41 IWST

Minister of Industry Airlangga Hartarto , images by Industry.co.id
Minister of Industry Airlangga Hartarto , images by Industry.co.id

INDUSTRY.co.id - Jakarta- Minister of Industry, Airlangga Hartarto projected national industry growth in 2018 of 5.67 percent.

According to him, there are six industry sectors which are the main key in supporting the growth of national industry, namely basic metal industry, food and beverage industry, transportation equipment industry, machinery and shipping industry, chemical industry, and pharmaceutical industry.

"These six sectors will continue to be encouraged for the growth of national industry," Airlangga Hartarto said during a speech at the 'National Seminar on Industry Outlook 2018' in Jakarta on Monday (11/12/2017).

Furthermore, Airlangga said that the industry's performance was again above the economic growth in the third quarter of 2017. "This is a good momentum, which must be maintained and even needs to be improved, as the government's effort to create a conducive investment climate and ease of effort," he explained.

According to Central Bureau of Statistics data, the growth of non-oil and gas industry grew by 5.49 percent or higher than economic growth which reached 5.06 percent in quarter III-2017.

High growth industrial branches are base metal industry of 10.6 percent, followed by food and beverage industry 9.49 percent, machinery and equipment 6.35 percent and transportation 5.63 percent.

Airlangga added, in the next five to 10 years, the potential of the industry is also relied upon by other countries. In addition, the government continues to improve the competitiveness of national industries in order to be competitive at the global level.

As is known, industrial activity brings a broad effect to the national economy such as an increase in the value-added of domestic raw materials, the absorption of local labor, and foreign exchange earnings from exports.

"For that, various policies have been issued to provide convenience for investors trying in Indonesia," he concluded.

News Comment

Today's Industry

PT Autopedia Sukses Lestari Tbk (ASLC)

Rabu, 25 Januari 2023 - 09:30 WIB

ASLC Successfully Surpasses 2022 Used Car Sales Target via Caroline.id

PT Autopedia Sukses Lestari Tbk (ASLC), a company engaged in used vehicles auction and trading of used cars, succeeded in selling 2,481 units of used cars through used car dealers under its…

A woman is paying her attention to the Jakarta Composite Index board movement. (Document of INDUSTRY.co.id)

Kamis, 05 Januari 2023 - 22:29 WIB

New Economic Board, GOTO Share Moves Closer to Global Indices

The presence of the New Economic Board on the Indonesia Stock Exchange (IDX) brings many benefits to PT GoTo Gojek Tokopedia Tbk (GOTO). One of them is getting closer to the shares listing of…

PT Alkindo Naratama Tbk (“ALDO”)

Senin, 19 Desember 2022 - 23:51 WIB

ALDO Aims 2023 Sales to Increase More Than Double

PT Alkindo Naratama Tbk (“ALDO”), a listed company engaged in the integrated paper and chemical business are optimistic that the Company's performance in 2023 will improve, in line with…

Lauren Blasco of ACV.

Senin, 19 Desember 2022 - 22:39 WIB

Indonesian Chamber of Commerce and Industry taps AC Ventures’ ESG head to join task force

The Indonesian Chamber of Commerce and Industry (KADIN) recently tapped AC Ventures’ (ACV) Head of ESG Lauren Blasco to join its newly formed ESG task force, an elite group of stakeholders…

The CIP Utilities & Automated Reporting Analytics allows plant managers

Senin, 19 Desember 2022 - 21:50 WIB

Emerson’s New Analytics Software Automates Utilities Monitoring and Reporting for Clean-in-Place Applications

Emerson: Today Emerson announced the release of its new Clean In Place (CIP) Utilities and Automated Reporting Analytics package delivered via PACEdge™ and Movicon™ platforms on an industrial…