According to reporting from Antara News, Indonesia’s Ministry of Investment has recorded an increase in the realization of investment in Indonesia’s downstreaming sector in the last five years.
The ministry’s deputy for investment climate development, Riyatno, said on Wednesday (25/9/24,) that in 2019, investment realization in the basic metal industry, metal goods, non-machinery and equipment downstreaming was recorded at just IDR 61.6 trillion, adding that in 2020, the figure climbed to IDR 94.8 trillion, in 2021 this rose to IDR 117.5 trillion, jumping to IDR 171.2 trillion in 2022 and last year, it hit IDR 200.3 trillion.
According to Riyatno, the increase was prompted by more investors seeing great potential in the development of the processing industry in Indonesia, considering that the reserves of raw materials in the country are quite large.
Director of downstream plantations, maritime affairs, fisheries, and forestry at the Ministry of Investment, Mohamad Faizal, said that Indonesia produces raw materials, which are highly needed for the development of global industry, says Antara News, adding that Indonesia has 21 percent of global nickel reserves, 16.3 percent of the world’s tin reserves, 3 percent of global copper reserves, and 4 percent of bauxite reserves, and is the largest palm oil producer in the world.
“Our nickel potential is number one in the world, tin potential is number two in the world, bauxite is number six. Our palm oil is number one in the world, coconut is number one, rubber is number two, shrimp is number three, tuna, skipjack, and mackerel are number one in the world, and crab is number two,” he said.
Source: Antara News
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