SMEs in Indonesia will play a greater role in the Indonesian business industry

The Indonesian Ministry of Industry is running the latest national program designed to reduce the country’s long-term dependence on imports.

Gati Wibawaningsih, director general of the Ministry of Industry’s small and medium enterprises, said, “The message to be conveyed by this program is that local industries can produce what the Indonesian people need with quality products.

SMEs participating in this program will receive the assistance of brand registration, packaging guidelines in the Indonesian National Industrial Standards (SNI), and halal certification to meet standards product from major producers, according to the Ministry of Industry.

Through this program, Indonesia will seek to increase the role of small businesses in supplying raw materials to big businesses, and to reduce dependence on imported raw materials and semi-finished goods.

The raw materials and intermediate goods import in 2019 is US125.9 billion, down 11% from 2018. The Ministry of Industry is targeting to reduce this to $ 82 billion in 2022.

With small businesses contributing around 61% to the Indonesian economy, this program will also help give more excellence to business products – including food and beverages packaging, fashion, health products, and sports equipment – on the e-commerce platform.

This year, Indonesia’s Minister of Finance, Sri Mulyani Indrawati, had projected 2.3% growth for the largest economy in Southeast Asia, although she warned of the worst scenario of 0.4% contraction as countries in the region continue to feel the economic impact of the COVID-19 pandemic.

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