Tue, 13 Jun 2006
Minister upbeat about industrial growth in 2006

Jakarta (ANTARA News) - Industry Minister Fahmi Idris said here on Monday he was optimistic the country`s industrial growth will meet the target of 7.7 percent in spite of the fact that growth in the first quarter had only reached 2.83 percent.

"I am optimistic because substantial changes will happen in the second semester," he said replying to a question regarding the country`s industrial growth which was reported to be tending to decline.

He said he was convinced the substantial changes, including a new tariff policy the government would adopt, would boost industrial performance.

The minister said there would be various new investments as well as investments for expansion of projects that would contribute to industrial growth such as in the textile, shoe, automotive, iron and food and beverage industries.

"If no signs of change are seen in the second semester corrections will be made," he said.

In the first quarter this year non-oil and gas industries grew at a rate of only 2.83 percent, down from 7.53 percent in the same period last year.

Negative growth was recorded in textile, leather goods and footwear industries (0.28 percent) and wooden and forest product industries (5.56 percent).

Other industries that grew negatively were paper and printed product industries (4.25 percent) and cement and non-metal mining goods (6.24 percent).

Non-oil and gas industries that grew positively were tools, machineries and transport industries (9.82 percent), iron and basic metal industries (2.87 percent), chemical, fertilizer and rubber goods industries (1.96 percent) and tobacco and food and beverages industries (1.27 percent).(*)

Jun 12 21:54



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