Feb 6th 2019, BKPM (Indonesia Investment Coordinating Board) & Eurocham held an Indonesia Economic and Investment Outlook 2019 event. The opening remarks were delivered by H.E. Vincent Guerend (EU Ambassador for Indonesia and Brunei Darussalam). Minister’s dialogue with the title “Building Blocks for Investment Growth and Technology Development in Indonesia” were presented by H.E. Thomas Trikasih Lembong (Chairman of Indonesia Investment Coordinating Board) and  H.E. Airlangga Hartarto (Minister of Industry). There were a Panel Discussion on “Indonesia State of Play – Roles of Technology Development for the Competitiveness of National Industry” participated by Mr. Patdono Suwigno (DG Science & Technology Institution and Higher Education, Ministry of Research, Technology and Higher Education), Mr. Robert Pakpahan (DG Tax, Ministry of Finance), Mr. Haris Munandar (Secretary General of Ministry of Industry), and Mr. Paolo Maggi (Managing Director of Tetra Pak Indonesia).

The main discussion topic of this event was about Indonesia’ next step to become Indonesia 4.0. The Fourth Industrial Revolution (“4IR”) builds on the Digital Revolution, representing new ways in which technology becomes embedded within societies and even the human body. For Indonesia, 4IR will give Indonesia a chance to revitalize manufacture sector and to speed up the process to reach Indonesia’s vision to be on Global Top 10 Economy by 2030. The 4IR can be a game changer for Indonesia’s economic growth.

“Making Indonesia 4.0” can create massive uplift in overall GDP, manufacturing contribution & employment opportunity. In estimation, it will improve real GDP growth from ~5%2 to 6-7% YoY between 2018 – 2030, it can increase new employments from +20 mn to >30mn additional jobs by 2030, and boost manufacturing contribution to the GDP from ~16%2 to >20% by 2030. Top 5 sectors were selected for “Making Indonesia 4.0”, being Food & Beverage, Textile & Apparel, Automotive, Electronics, and Chemical. These sectors are believed to give high impact to the growth of GDP, exports, and job creations.