Namely, from IDR 186.79 trillion to IDR 565.25 trillion last year.
"Cumulatively, investment realization over 10 years amounted to IDR 3,031.85 trillion," he said.
The Minister of Industry is optimistic that increasing investment in the manufacturing industry sector is correlated with government policy in spurring the downstreaming of natural resources. In particular, the mining sector.
Agus emphasized that the government is determined to continue to encourage downstreaming which will contribute significantly to state income through export taxes, royalties, non-tax state income (PNBP), and dividends.
"As an illustration, when it is still exported in the form of raw materials, the contribution of nickel commodities is worth around IDR 15 trillion a year. "After entering industrialization, the value jumped sharply to USD 20.9 billion or the equivalent of IDR 360 trillion," he explained.
The increase in investment realization in the manufacturing sector has had a broad impact on the national economy, including increasing the number of workers.
In 2014, there were 15.62 million workers, and this will increase to 19.29 million people in August 2023.
"Except in 2020, due to the Covid-19 pandemic, the number of workers affected has decreased. "However, after the pandemic ended, industrial performance managed to recover and continue to grow every year, so that the number of labor absorption also increased," he said.
The Indonesian Chamber of Commerce and Industry (Kadin) assesses that there have been major changes in regulations related to investment in the country, so that the reform has had a positive impact. Because it supports all investors, both foreign and local.
"Investing in Indonesia is also easy, just follow the rules. Entrepreneurs and the government have the same principle, if it can be made easier, why make it more difficult. "Indonesia is now very open to investment, I feel we have now entered a new era, namely the era of welcoming to investors," said Deputy General Chairperson for Law and Human Rights at the Indonesian Chamber of Commerce and Industry, Dhaniswara K Harjono.
He added, RI has many aspects that make it a suitable place to invest.
The first aspect is abundant natural resources, which many countries do not even have.
The second aspect is human resources. “The population reaches 278 million people. "That is a large consumer market and if it is used as a workforce it is also extraordinary," he concluded.