KADIN ready to assist government in achieving 8 per cent economic growth
The General Chair of the Indonesian Chamber of Commerce and Industry (KADIN), Anindya Novyan Bakrie, has affirmed that the organisation is prepared to assist the government in driving economic growth to 8 per cent, an effort aimed at lifting Indonesia out of the middle-income trap. During a meeting between KADIN entrepreneurs from across Indonesia and President Prabowo Subianto at the State Palace in Jakarta on Friday, Anindya stated that this target is achievable through close collaboration between the government and the business community.
Anindya noted that while Indonesia’s economy has grown at a rate of 5 per cent for the past 20 years, reaching the next developmental tier requires a gradual transition towards 8 per cent. He emphasised that such a feat is highly possible through collective effort. As a strategic partner to the government under Law Number 1 of 1987, KADIN continues to encourage collaboration with both central and regional governments to strengthen the national economy.
He pointed out that approximately 92 per cent of Indonesia’s Gross Domestic Product (GDP) is derived from domestic consumption, private investment, and exports. Consequently, KADIN is taking an active role in strengthening these sectors by involving MSMEs, cooperatives, State-Owned Enterprises (SOEs), Regional State-Owned Enterprises (BUMDs), large corporations, and various business associations. Since the beginning of President Prabowo’s administration, KADIN has consolidated its organisational strength and implemented four ‘quick win’ programmes: the Free Nutritious Meal Task Force, the Free Health Check-up Task Force, the protection and capacity building of Indonesian migrant workers, and the renovation of uninhabitable houses.
Furthermore, KADIN is strengthening economic diplomacy through the establishment of the Kadin Global Engagement Office (GEO) to oversee investment, trade, and industrialisation opportunities arising from government partnerships with international partners. Anindya also welcomed the government’s steps to evaluate and strengthen various economic programmes, noting that such policies have been positively received by the market, as reflected in the reaffirmation of Indonesia’s credit rating by several international agencies. He also expressed KADIN’s readiness to collaborate with the Daya Anagata Nusantara Investment Management Agency (Danantara) to promote national investment.