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Jakarta Post

RI manufacturing ‘could boost global market share ‘

  • Linda Yulisman

    The Jakarta Post

Jakarta   /   Thu, October 11 2012   /  09:36 am

Indonesia needs to improve the cost and value-based competitiveness of its manufacturing industry to enable the sector to make a greater contribution to the economy, the World Bank says.In its latest report titled “Picking up the Pace, Reviving Growth in Indonesia’s Manufacturing Sector”, the bank said that as demand for manufactured goods grew and inflows of foreign direct investment accelerated in recent years, the domestic industry had reached “a positive momentum”.Domestic demand has been remarkably resilient since the start of the global financial crisis, growing by 6.4 percent in the first quarters of 2012 on the back of investment and private consumption.At the same time, foreign direct investment in Indonesia’s manufacturing sector is also on the rise. Recent data issued by the Investment Coordinating Board (BKPM) suggests that in the second quarter of 2012, foreign d...