Jakarta (Antara Bali) - The industry ministry said only 30 percent of the country's industries are ready to compete in the Asean free market in 2015.
Secretary of the directorate general of manufacturing industry Setio Hadi said the country's industry is less competitive mainly because the industry still depends much on imports for basic materials.
It would be difficult to accelerate industrial growth when most of the basic materials have to be imported, Setio said here on Friday.
"The country's metal, pharmaceutical, petrochemical industries and other major industries still rely on imports for basic materials," he cited.
Deficit in trade balance is also attributable partly to large import of basic materials, he said.
He said the coming government should start accelerate development of basic industry especially in petrochemical and basic metal sectors.
He said the contribution of the manufacturing industry to the country's economic growth has been on the decline since 2004.
In 2013 the industrial sector contributed 23 percent to the country's gross domestic products.
"This year the manufacturing industry is expected to grow 6-8 percent," he said.
In order to grow to become an industrialized country, the contribution of the manufacturing industry needs to be increased to 40 percent, he added.
He said Asean free market in 2015 would open an opportunity for competitive industries such as textile industry. (WDY)
Related News
BI Bali fasilitasi UMKM gunakan pemasaran digital
Thursday, 26 November 2020 19:55
Indonesia in the Philippines agree to enhance trade and investment
Tuesday, 2 April 2019 20:47
Construction of new Buleleng airport to start in 2020
Monday, 31 Desember 2018 8:03
BPD Bali genjot penyaluran KUR Rp1 triliun
Wednesday, 12 Desember 2018 16:26
Direct flights to attract more Russian Tourists to Indonesia: Ambassador
Monday, 29 Oktober 2018 15:11
Bio Farma expands exports of vaccines to African Markets
Monday, 15 Oktober 2018 20:02
Telkom introduces PalapaONE apps to support Indonesia Pavilion
Thursday, 11 Oktober 2018 12:42
Sarinah sees turnover of hundreds of millions of rupiahs in Indonesia Pavilion
Wednesday, 10 Oktober 2018 15:01
IMF-WB meetings to expose SME potential: Bekraf
Wednesday, 10 Oktober 2018 8:49
Telkom prepares reliable internet for IMF-WB Meeting
Tuesday, 9 Oktober 2018 8:03
SOES showcase development through Indonesia Pavilion at IMF-WB Meeting
Sunday, 7 Oktober 2018 16:29
Ministry speeds up development of startups in Bali
Friday, 28 September 2018 19:16