Industry 4.0 to put Indonesia among world’s top 10 economies
The fourth Industrial Revolution (Industry 4.0), is expected to make Indonesia one of the top 10 economies in the world in 2030, stated Industry Minister Airlangga Hartarto.
Indonesian Industry Minister Airlangga Hartarto (Source: en.tempo.co)
Jakarta (VNA) - The fourth Industrial Revolution (Industry 4.0),is expected to make Indonesia one of the top 10 economies in the world in 2030,stated Industry Minister Airlangga Hartarto.
"To achieve the target, Indonesia has launched a roadmap called MakingIndonesia 4.0, as part of the strategy to apply the fourth industrialrevolution," he said on October 16.
The fourth Industrial Revolution also gives a clear direction to thedevelopment of the national industry, which has a global competitive edge inthe future, he added.
The Indonesian Government will try to raise the contribution of net exports tothe gross domestic product by 10 percent, increase production, keep downproduction costs up to twice as much as the current ratio of productivity cost,and develop the innovative capability of the national industry by allocating 2percent of the budget fund for research and development activities.
The minister noted that the manufacturing industry has consistently made significantcontributions to the country`s GDP. It plays an important role as the backboneof the national economy because it has a far-reaching effect on the efforts toincrease added value, create job opportunities, raise tax and excise receipts,as well as foreign exchange earnings from exports.
Data from the Central Statistics Agency (BPS) showed Indonesia's GDP stood at over1 trillion USD in 2017, higher than that of the Netherlands, Turkey, and Switzerland.The figure confirms Indonesia as the largest economy in Southeast Asia.
♈ Indonesia is now present in the one trillion dollar club and is among the top20 countries with the largest GDP in the world, he said.-VNA
The Bank Indonesia (BI) has forecast that economic growth in the fourth quarter of this year will reach 5.3-5.4 percent, higher than 5-5.1 percent from the previous quarter.
Small and medium enterprises (SMEs) form a core sector of the Indonesian economy and contribute significantly to economic growth, job creation and innovation
As the US and China are locked in a trade spat through mutual hiking of tariffs, Indonesia looks likely to be dragged into what may escalate into a global trade war.
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Indonesian Industry Minister Airlangga Hartarto (Source: en.tempo.co) 
