JAKARTA— The Ministry of Industry is optimistic that 2016 will see industrial sectors picking up. The Ministry is targeting 5.7 percent of industrial growth this year. “This industrial growth target is above that of 5.3 of the economic growth,” said the Minister of Industry Mr Saleh Husin.
The Ministry needs to maintain such condition. By the third semester of 2015, Indonesia saw 5.21 percent of non-oil and gas manufacturing industrial growth. The figures were above economic growth during the same period of 2014 by 4.73 percent.
Meanwhile, non-oil and gas manufacturing industry is expected to contribute 18.5 percent to national gross domestic income (GDI). In 2014, industrial sectors contributed 17.87 percent. During the third semester of 2015 it contributed 17.82 percent, above that in the same period of 2014 by 17.42 percent.
Nominally, export of non-oil and gas manufacturing industries by August 2015 reached USD 72.21 billion. Meanwhile, import of products of industrial commodities was USD 72.49 billion.
Export of non-oil and gas manufacturing industries by August 2015 contributed to 70.44 percent of the national total export. The export destination countries include the US, Japan, China, Singapore, and India.
“We are still realistic, referring to the upcoming investments, exports, as well as small and medium industrial products,” said the Minister.
He said that several encounters with industries and manufacturers ensure Indonesia’s prospective business. Domestic investment of industrial sectors during the third semester of 2015 reached IDR 20.05 trillion, growing by 7.45 percent from that during the same period in 2014 by IDR 18.66 trillion. Meanwhile, foreign investment of industrial sectors during the third semester of 2015 reached USD 3.15 billion. Thus, the total incoming investment during the third semester of 2015 was USD 4.75 billion. (*)