REPUBLIKA.CO.ID, JAKARTA -- Industry Minister Agus Gumiwang Kartasasmita said investment in the non-oil and gas processing industry has continued to increase over the past decade.

“During the period 2014-2023, the realization of investments in the non-oil and gas processing industry sector tends to fluctuate with an increasing trend. This means that investors still see Indonesia as a very attractive and profitable location for their business,” Agus said in a written statement in Jakarta, Wednesday (14/2/2024).

Agus said when comparing the investment realization conditions in 2014 with 2023, there was a sharp jump in the value of non-oil and gas processing investments, which rose from Rp 186.79 trillion to Rp 565.25 trillion. While cumulatively over the past decade, it recorded the total investment value of the industry reaching Rp 3,000 trillion.

“Cumulatively, the realization of investments in the non-oil and gas processing industry sector over the 10-year period 2014-2023 amounted to Rp 3,031.85 trillion,” Agus said.

Meanwhile, in terms of growth presentation, during the 2014-2023 period that experienced a radical increase, namely in 2021 to 2023 which reached 48.77 percent. Then followed 2015-2016, which grew to 39.18 percent, as well as 2014-2015 which rose by 24.22 percent.

In addition to non-oil and gas, Agus said the value of investment in the manufacturing sector has also increased in recent years even though Indonesia was experiencing a pandemic at the time. This can be seen from investment figures that hit Rp 457 trillion in 2022.

“Investment in the industrial sector in 2019 amounted to Rp213.44 trillion, rose to Rp259.28 trillion in 2020, rose again by Rp307.58 trillion in 2022, and jumped to Rp457.60 trillion in 2022,” he said.

Earlier, the Ministry of Industry (Kemenperin) released the Industrial Confidence Index (IKI) in January 2024 reaching 52.35 or strengthening 1.03 points compared to the December 2023 achievement of 51.32. Of the 23 subsectors measured, 17 subsectors expanded with a share of Gross Domestic Income (GDP) of 90.8 percent. Meanwhile, six subsectors contracted with a share to GDP of 9.2 percent.

The increase in IKI in January 2024 was sourced from Variables of New Orders, Production and Product Inventories which expanded by successively 52.17; 53.63; and 50.80.

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