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Indonesia sets high hopes on manufacturing sector in 2017
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Team up: Industry Minister Airlangga Hartarto (third left) and Trade Minister Enggartiasto Lukita (third right) listen to an explanation by customs and excise director general Heru Pambudi (second right) in Jakarta on Sept. 23. (The Jakarta Post/Reza Zafiruddin)
T
he government projected the non-oil and gas manufacturing sector to grow by 5.3 to 5.6 percent in 2017, a higher figure compared to this year’s anticipated expansion of between 4.67 and 5 percent.
Industry Minister Airlangga Hartarto said the food and beverages subsector was expected to be the main driver of next year’s growth. The subsector made Rp 25.81 trillion (US$1.92 billion) in revenue during the January to November period and is expected to grow by 7.5 to 7.8 percent next year.
(Read also: Industrial investment regains pace in 2016)
"We expect the food and beverage subsector to mark the highest growth (in the non-oil and gas manufacturing industry) and become the engine of growth," he said on Thursday at the ministry’s year-end meeting with the press.
Airlangga added that the food and beverage industry currently contributes 33.6 percent share to gross domestic product (GDP) made by the non-oil and gas manufacturing industry, followed by the machinery and equipment sector with 10.7 percent. (hwa)
