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Creative industries need support to grow: Minister
The country’s emerging creative industries need support from banking and non-banking institutions to flourish, Trade Minister Mari Elka Pangestu says.
“These industries need capital to grow, as well as the protection of their intellectual property rights and promotion,” Mari told a press conference in Jakarta on Tuesday.
Such industries had a great chance of success in Indonesia because “the market has high potential”, she said.
However, not many of banking institutions in Indonesia have schemes to loan money for creative industries, because most of the products are intangible, Mari said.
Indonesia’s creative industries are divided into 14 sectors, including architecture, softwares and films.
“Non-banking institutions, such as venture capital, must also take part in the effort,” Mari said.
Indonesia’s human resources also needed to improve to compete with similar industries in other countries, she said.
“We need to develop our skill set; Indonesian people are mostly good in sectors that need creativity and handcrafting skills,” she said, adding that Indonesian sailors, welders and chefs were regarded highly in other countries. (adh)
The country’s emerging creative industries need support from banking and non-banking institutions to flourish, Trade Minister Mari Elka Pangestu says.
“These industries need capital to grow, as well as the protection of their intellectual property rights and promotion,” Mari told a press conference in Jakarta on Tuesday.
Such industries had a great chance of success in Indonesia because “the market has high potential”, she said.
However, not many of banking institutions in Indonesia have schemes to loan money for creative industries, because most of the products are intangible, Mari said.
Indonesia’s creative industries are divided into 14 sectors, including architecture, softwares and films.
“Non-banking institutions, such as venture capital, must also take part in the effort,” Mari said.
Indonesia’s human resources also needed to improve to compete with similar industries in other countries, she said.
“We need to develop our skill set; Indonesian people are mostly good in sectors that need creativity and handcrafting skills,” she said, adding that Indonesian sailors, welders and chefs were regarded highly in other countries. (adh)