Jakarta ( WNAM MONITORING): Indonesia’s Minister of Industry, Agus Gumiwang Kartasasmita, said on Friday that the Rp721.3 trillion (around US$44.2 billion) manufacturing investment realization in 2024 reflects the high confidence of global investors.
He noted that Indonesia managed to attract this investment despite unstable global dynamics and political uncertainties affecting the domestic manufacturing sector.
“This signifies that investors have strong confidence in Indonesia’s business climate and view the country as a prime investment destination for production and export,” he said.
Data from the Ministry of Investment and Downstreaming shows that total investment realization in 2024 increased by 20.8 percent year on year, reaching Rp1,714.2 trillion, surpassing the Rp1,650 trillion target.
The total investment in 2024 also created 2,456,130 new jobs, reflecting a 34.7 percent year-on-year increase.
Kartasasmita noted that the commitment of manufacturing industry players has had a multiplier effect on the national economy, particularly in job creation.
He reassured investors in the manufacturing sector that Indonesia remains a favorable investment destination.
The government, he emphasized, is committed to creating a conducive business climate by introducing pro-industry policies, fiscal incentives, and clear legal certainty to support smooth production activities.
Kartasasmita expressed optimism that if these pro-industry policies are effectively implemented, Indonesia’s target of 8 percent economic growth can be achieved.
