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[News] F&B Industry To Grow Robust This Year
Posted at: 24 April 2019

The Ministry of Industry has projected that the food and beverage industry can grow above 9 percent in 2019 due to additional investment.

The government will continue to boost the performance of export-oriented industrial sectors, said Minister of Industry Airlangga Hartarto through his statement received in Jakarta on Sunday.

This year, the food and beverage industry, textiles and textile products (TPT), and footwear are ready to invest a total of Rp79 trillion. The food and beverage industry will pour Rp63 trillion in investment, up 11 percent from 2018. Then the footwear and TPT industry prepares investment of Rp2.8 trillion and Rp.14 trillion respectively, almost doubling from the previous year.

The government makes the labor-intensive industrial sub-sector an engine  of manufacturing growth and a significant contributor to non-oil/non-gas  exports.

In 2018, non-oil/non-gas exports were recorded at US $ 130 billion or increased by 3.98 percent compared to 2017. In 2018, its contribution reached 72.25 percent. So far, industry has become the biggest contributor, it means that the products of domestic manufacturing industry have talked a lot at the global level.

In 2014, capital investment amounted to Rp195.74 trillion, then rose to Rp222.3 trillion in 2018. This increase in investment boosted employment of up to 18.25 million people in 2018, which contributed 14.72 percent to the total national workforce.

(source: Antara News)