TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
F&B investment records Rp 37.3t in first semester: Gapmmi
The Indonesian Food and Beverage Producers Association (Gapmmi) has recorded a Rp 37.3 trillion (US$2.8 billion) first semester investment in the food and beverage (F&B) industry.
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Shoppers browse through an aisle at a supermarket in Tangerang, Banten. (Antara/Lucky.R)
T
he Indonesian Food and Beverage Producers Association (Gapmmi) has recorded a Rp 37.3 trillion (US$2.8 billion) first semester investment in the food and beverage (F&B) industry. The association's records also showed that local investors contributed Rp 21.6 trillion to total investment, while foreign investors contributed Rp 15.7 trillion.
Investment in the first semester had sent a positive signal, said Gapmmi chairman Adhi S. Lukman in Jakarta on Sunday. “The achievement shows that businesspeople still see Indonesia as a potential market,” he said, as quoted by kontan.co.id.
The F&B industry saw total investment of Rp 67 trillion in 2016 and Rp 43 trillion in 2015. Gapmmi has estimated a total investment of Rp 70 trillion in 2017.
Read also: F&B industry must expand, innovate: MinisterBusiness players considered the huge population and changing local lifestyles as indications of great potential for the industry in this country, Adhi said.
Adhi agreed, however, that consumer purchasing power had not yet recovered, as lower-middle income citizens were trying to manage their stagnant incomes, while the upper-middle class were worrying over the unstable business condition. (rdi/bbn)
