From: Tempo InteractiveTEMPO Interactive, Jakarta:Industry Minister M.S. Hidayat is optimistic that exports of manufactured goods last year will surpass its 2008 performance. If this can be proven, the manufacturing industry’s export value will reach its highest point in the last five years. “We are already entering the recovery period out of the 2008 global financial crisis,” he said in Jakarta yesterday.
The manufacture industry’s export value from January to November 2010 is US$ 87.745 billion. This amount is close to total exports in 2008, which amounted to US$ 88.34 billion. But in 2009, the rate of export growth declined 16.92 percent because of fhe financial crisis.
Hidayat said that the manufacturing industry’ growth showed that domestic product competitiveness has begun to rise. But spending power in the US and Europe has not totally recovered yet. “Starting from 2011, we will look for opportunities in the international market more aggressively,” he said.
This year the Ministry has targeted the industrial sector’s exports at US$ 92.26 billion. Hidayat was certain that the target could be realized because there are several investments planned this year. In addition, the ministry believes that the decision to provide incentives for upstream industry sector could trigger even more investment. The manufacturing industry sector is estimated to require a Rp 124.6 trillion investment.