The Key To Achieving An 8% Economic Growth Rate Lies In Downstream Processing

The Ministry of Investment and Downstream Industry/Investment Coordinating Board (BKPM) convened the National Coordination Meeting (Rakornas) for Investment 2024 in Jakarta on Wednesday, December 11. The theme for this year's Rakornas is "Accelerating Downstream Industry and Sustainable Investment Towards Golden Indonesia." The event was inaugurated by the Minister of Investment and Downstream Industry/Head of BKPM, Rosan Perkasa Roeslani.

Rosan emphasized that this year's Rakornas represents a significant opportunity to enhance national synergy in achieving the economic growth target of 8% by 2029, as directed by President Prabowo Subianto. The investment is projected to grow at an average rate of 16.75% annually to support the national economic transformation towards Golden Indonesia 2045. The total investment requirement until 2029 is estimated to reach IDR 13,528 trillion. This figure underscores the necessity of cross-sector collaboration to ensure the realization of the established targets. With strong synergy among the central government, regional authorities, and the private sector, Indonesia is optimistic about achieving an inclusive and sustainable economic transformation.

"This is a challenging task, and on this occasion, we would also like to report that from January to September 2024, we have achieved approximately 76.45% of the investment target, amounting to around IDR 1,261.43 trillion (from the 2024 investment target of IDR 1,650 trillion), with contributions from outside Java reaching approximately 50.34%," Rosan added.

Rosan further stated that to escape the middle-income trap, the government is reinforcing the role of the Ministry of Investment and Downstream Industry/BKPM through Presidential Regulation (Perpres) No. 184 of 2024 concerning the Ministry of Investment and Downstream Industry. With this new mandate encompassing downstream activities, the ministry is expected to coordinate strategic investment downstream to accelerate economic transformation and enhance global competitiveness.

Tag: BKPM Rakornas Rosan Perkasa Roeslani