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Ministry of Industry continues to boost investment in industrial sector

04 June 2020 16:42

JAKARTA - The government is focused on encouraging the realization of industrial sector investment in the country, both from foreign and local investors. This strategic step aims to further deepen the structure of manufacturing in the country so as to strengthen supply chains and competitiveness.

"Therefore, we continue to oversee investment in the industrial sector, because these investments will spur production capacity to meet the needs of the domestic to export market," said Head of Data and Information Center of the Ministry of Industry, Janu Suryanto in Jakarta, Thursday (4/6).

According to him, besides targeting investments from the industrial sector that produces imported substitute products, the government will also be more aggressive in attracting investments that can create jobs or labor-intensive sectors.

The Ministry of Industry noted, during the 2015-2019 period, the total value of foreign investment (PMA) from the manufacturing industry sector was USD 61.5 billion. Meanwhile, the contribution from domestic investment (PMDN) reached Rp 451.3 trillion. (LM)

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