Industry Minister Outlines Indonesia's Potential to Become World's 4th Largest Economy

At INNOPROM 2026, Indonesia has been honoured as the Official Partner Country at the largest international industrial exhibition in Eurasia, taking place from 6 to 9 July 2026 in Ekaterinburg, Russia. Indonesian Industry Minister Agus Gumiwang stated that INNOPROM is a massive industrial event and exhibition, making Indonesia’s involvement highly significant. The appointment of Indonesia as partner country reflects the strong bilateral relationship between Indonesia and Russia, as well as Indonesia’s position as a major economic power. Indonesia hopes its role at INNOPROM will create opportunities to expand the market for Indonesian manufactured products in the Eurasian region, particularly for food and beverages, textiles, furniture, rubber products, and the downstream natural resources sector. This initiative is seen as a pathway for Indonesia to achieve its goal of becoming the world’s fourth-largest economy by 2030, supported by natural resources, human resources, and the strength of the manufacturing sector as the backbone of the economy. The Ministry of Industry is ensuring efforts to make INNOPROM 2026 a success with a tangible impact on Indonesia’s manufacturing industry. Several strategies are being implemented, including holding business matching meetings at the Indonesia Pavilion. The Ministry will also showcase around 50 companies and industries, ranging from MSMEs and medium-sized industries to industrial estates and startups. Agus Gumiwang also targets strengthening the manufacturing sector through cooperation, which is crucial for bolstering the resilience of domestic industry against global uncertainty and volatility, and for reinforcing Indonesia’s position in the global supply chain. One of the industrial sectors being pushed for strengthening and transformation is the health sector, which has now been included in the eight sectors of the 4.0 transformation initiative.