Industrial Product Expo to be in August

Industrial Product Expo to be in August

JAKARTA (JP): The government has appointed PT Napindo Mediapratama, a company owned by tycoon Sudwikatmono, to coordinate the Indonesian Product Exhibition 1995, to be held on a 24,000-hectare plot at the Jakarta Fairground from Aug. 12 until Aug. 27.

Minister of Industry Tunky Ariwibowo told a press conference yesterday that the appointment of Napindo was based on the fact that this year's production exhibition would, for the first time, not rely on government funding.

The government has thus far conducted two similar exhibitions -- in 1985 and 1990 -- both with its own funds.

"The private sector will contribute the larger part of the budget for this year's exhibition," Tunky said.

Sudwikatmono, who was also present at the press conference, predicted that the exhibition would cost Rp 15 billion (US$6.8 million).

"The consequence of being chosen to be the coordinator of the exhibition is that we have to raise funds ... And our main targets are conglomerate owners," Sudwikatmono said.

He noted that although a few of conglomerate owners are cynical about the exhibition, others have expressed support.

"If we cannot collect Rp 15 billion, we'll adjust our programs in accordance with the funds available," Sudwikatmono said.

In addition to the exhibition, the committee will conduct a number of supporting activities, such as seminars, social gatherings and cultural shows. (rid)