Foreign Investment of Digital Industries Increases This Year

By : Hariyanto And Aldi Firhand. A | Wednesday, March 28 2018 - 22:30 IWST

Fintech industry illustration (sindonews.com)
Fintech industry illustration (sindonews.com)

INDUSTRY.co.id - Jakarta - People across the archipelago must realize the importance of mastering digital economy technology because the current economic activity globally has been commonly dominated by the digital sector in various aspects.

"The mastery of digital technology should also be encouraged in all walks of life because this form of business is beginning to change into the digital sector," Novic Karina Saputri Center for Indonesian Policy Studies (CIPS) researcher said here on Tuesday.

To support this, Novani stated that socialization of digital economy literacy should continue to be done and made routine activities by various parties.

In addition, she said, the central government, local governments, banks and the financial industry is expected to be the parties who carry out the socialization.

Moreover, she cautioned that the potential of online or online transactions in Indonesia is currently quite well at 22 percent growth rate in 2016.

"The higher growth rate compared to China and India is the potential and opportunity to make digital transformation in various fields so as to compete with neighboring countries," she said.

President Joko Widodo has also promoted the transformation of the digital economy in Indonesia in a meeting with New Zealand CEOs at The Majestic Center, Wellington, New Zealand, Monday (19/3).

The President conveyed that Indonesia's economy is in the midst of transforming after a long time dependent on the export of raw commodities, now the Indonesian economy is following the trend, along with the rise of the digital economy and the increasing number of middle-class society.

The Government of Indonesia has implemented the National Broadband Plan to expand Indonesia's internet penetration which now only touches 100 million people. The US $ 20 billion program has been launched since 2014.

In addition, there are programs to provide access to capital as the government wants the digital economy to grow 10-fold to 130 billion US dollars and support the creation of 1,000 new technopreneurs by 2020.

Also strengthened is international cooperation by inviting more foreign investors to inject capital for digital-based businesses in Indonesia, as well as expanding opportunities for those who have talent in the creative industry sector through cooperation with universities and universities.

Earlier, Finance Minister Sri Mulyani Indrawati reminded the importance of policy formulation to anticipate the rapidly growing digital economy movement.

"We need to strengthen governance and policy formulation as a strategy to accommodate the digital economy," Sri Mulyani said in a discussion in Jakarta on Tuesday (27/2).

Sri Mulyani said the current economic environment is sufficient to support the increase in digital activity that begins to affect everyday activities so it needs to be facilitated in order to grow rapidly and make a significant contribution to the economy as a whole. (Ant)

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