Indonesia wants to stimulate the manufacturing activity
The local Government and the Bank Indonesia have agreed six strategic measures to accelerate manufacturing industry strengthening efforts
The Government and Bank Indonesia along with the Indonesian Financial Services Authority (OJK) have agreed 6 strategic measures to stimulate and strengthen manufacturing industry performance in order to stimulate strong, sustainable and inclusive economic growth.
Some of the proposed measures include stimulating the so-called green financing, increase the efficiency of logistics through infrastructure development and improving port facilities, enhance the investment climate, work on tax incentives and support investment promotion.
Product development will initially focus on the automotive industry, textiles and textile products as well as footwear, together with other downstream and upstream industries.
Image credits: Rupixen on Unsplash
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