Kadin Calls for Stronger Business Capabilities to Meet Challenges
Jakarta (ANTARA) – Indonesian Chamber of Commerce and Industry (Kadin) chairman Anindya Novyan Bakrie has stressed the importance of strengthening business capabilities to meet a range of global challenges, as the administration of President Prabowo Subianto marks its first two years in office.
“I think the most important thing is capacity-building for businesses so they are ready for the new normal economy, where the economy is changing significantly because of geopolitics, climate change and the need to integrate Indonesia into global supply chains,” Anindya said after the Kadin Geoeconomics Policy Dialogue in Jakarta on Monday.
He also emphasised the importance of building the capacity of micro, small and medium-sized enterprises (MSMEs) to drive regional economic growth. Anindya noted that MSMEs account for 97 per cent of all companies in Indonesia, making it crucial to strengthen the sector’s capabilities.
Anindya said these efforts would also be a focus of a revision to the Kadin Law, which is expected to be completed in the near future. The revision will prioritise advocacy with the government, business development and support for companies.
On Monday (26 October), Kadin Indonesia held the Geoeconomics Policy Dialogue as part of the programme for the 2026 Kadin National Leadership Meeting (Rapimnas).
At the event, Asian Development Bank Institute (ADBI) dean and chief executive Bambang Brodjonegoro highlighted the importance of the private sector in helping Indonesia escape the middle-income trap.
He cited Japan and South Korea, where the private sector has been the main driver of the economy. China, by contrast, has adopted a model in which state-owned enterprises (SOEs) play a more dominant role, although the private sector remains important.
Meanwhile, INSEAD dean Francisco Veloso stressed the need to develop skills and leadership capabilities to prepare Indonesia to meet future challenges and seize opportunities.
He said 50 years of collaboration with Kadin offered an opportunity to assess the partnership to date and shape its future contribution to the development of skills and leadership capabilities in Indonesia.
Veloso also observed that the world was undergoing transformation, including through the development of artificial intelligence (AI), which is changing many aspects of life and the economy. This, he said, made the development of skills suited to future needs increasingly important.
INSEAD hopes its collaboration with Kadin will continue to support Indonesia in reaching the next level of development, in line with the Indonesia 2045 vision.