JAKARTA – In a series of visits to Japan, Minister of Industry Agus Gumiwang Kartasasmita held a meeting with industrial companies engaged in flavors and fragrances. Based on Presidential Regulation Number 74 of 2022 concerning National Industrial Policy for 2020 - 2024, the essential industry is one of the national priorities in the development of the upstream agro industry sector. Strengthening the volatile industry sector needs to be carried out in the downstream sector for the production of raw materials or auxiliary materials for related industries, as well as strengthening in the intermediate sector to support the fulfillment of the raw material needs of the essential processing industry.
In a series of visits to Japan, Minister of Industry Agus Gumiwang Kartasasmita held a meeting with industrial companies engaged in flavors and fragrances. Based on Presidential Regulation Number 74 of 2022 concerning National Industrial Policy for 2020 - 2024, the essential industry is one of the national priorities in the development of the upstream agro industry sector. Strengthening the volatile industry sector needs to be carried out in the downstream sector for the production of raw materials or auxiliary materials for related industries, as well as strengthening in the intermediate sector to support the fulfillment of the raw material needs of the essential processing industry.
"We ask Ogawa International to create a kind of upstream-downstream essential research center in Indonesia. This is so that Ogawa can expand or distribute essential oils at the Karawang factory,” he said. In Karawang, the factory of PT. Ogawa Indonesia has a total production capacity of 3,440 tons per year.
In Tokyo, Minister of Industry Agus also held a meeting with the board of directors of Takasago International Corporation. "We encourage new investment and expansion of downstream essential industries, including for Takasago Indonesia and Takasago International," he said.
To attract this investment, the Government of Indonesia offers fiscal incentive facilities in the form of tax allowances regulated through Government Regulation Number 78 of 2019. Meanwhile, the Ministry of Industry has included the downstream essential oil industry (IHMA) as a pioneer sector that can get tax facilities in the form of super tax deductions. (LM)