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

Bentley Systems Announces the Availability of OpenBuildings Station Designer

Minggu, 19 Mei 2019 - 14:58 WIB

Bentley Systems Announces the Availability of OpenBuildings Station Designer

Bentley Systems, Incorporated, the leading global provider of comprehensive software and digital twins services for advancing the design, construction, and operations of infrastructure, today…

Ponemon Institute

Selasa, 16 April 2019 - 11:16 WIB

2019 Ponemon Study on Automation and Cybersecurity Staffing in Asia Pacific, United States and the UK shows an evolving Asia Pacific cybersecurity arena

2019 Ponemon Study on Automation and Cybersecurity Staffing in Asia Pacific, United States and the UK shows an evolving Asia Pacific cybersecurity arena

Hypertherm software

Selasa, 16 April 2019 - 10:57 WIB

Hypertherm Unveils New Home for Cam Software Content

Hypertherm unveils new home for CAM software content HANOVER, N.H. — April 16, 2019 — Hypertherm, a U.S. based manufacturer of industrial cutting systems and software, is unveiling a brand-new…

Etihad Airways airline (Foto Ist)

Kamis, 11 April 2019 - 12:44 WIB

ETIHAD AIRWAYS TO INTRODUCE BOEING 787 ON SERVICES TO KUALA LUMPUR AND BRUSSELS

ETIHAD AIRWAYS TO INTRODUCE BOEING 787 ON SERVICES TO KUALA LUMPUR AND BRUSSELS

Synopsys Recognized as a Leader in Independent Analyst Report on Software Composition Analysis Solutions

Kamis, 11 April 2019 - 12:34 WIB

Synopsys Recognized as a Leader in Independent Analyst Report on Software Composition Analysis Solutions

Synopsys Recognized as a Leader in Independent Analyst Report on Software Composition Analysis Solutions