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

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.