Indonesia's experience shows that the lack of consistency in government policies is the main challenge for downstreaming as part of industrialization.
Please note that this article was automatically translated using Microsoft Azure Open AI and Google Translation AI. We cannot ensure that the entire content is translated accurately. If you spot any errors or inconsistencies, contact us atAGNES THEDOORA, ADITYA PUTRA PERDANA, FX LAKSANA AGUNG SAPUTRAThe following article was translated using both Microsoft Azure Open AI and Google Translation AI.
"Downstreaming is good. But what I'm worried about, based on my experience in the industry, is the lack of consistency. The next government needs to be committed. Our history shows that policies are continually changing." For example, there is a policy of banning the export of raw materials that has been challenged to the World Trade Organization. Will the policy change after the regime changes or not? This will also have implications for Indonesia's foreign policy."What needs to be developed following the construction of smelters is the development of its own industrial ecosystem. This is if the government truly wants to build industrialization in Indonesia.
During the Orde Baru era, the portion of industry in Indonesia's gross domestic product briefly reached 30 percent. However, over the past thirty years, the portion of industry has decreased to below 20 percent.According to the Central Statistics Agency, the economic growth of Indonesia in 2022 is dominated by the manufacturing industry sector. Its portion reached 18.34 percent.
Downstreaming, Barus reminded, must be accompanied by industrialization to achieve maximum added value. Until now, the mineral industry in Indonesia is still in the stage of producing semi-finished goods.
Indonesia Berita Terbaru, Indonesia Berita utama
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