MIND ID prepares supply chain for high-tech industry raw materials

Denpasar, Bali (ANTARA) – Indonesia’s mining industry holding company, MIND ID, is preparing a national mineral supply chain to support the production of components for high-tech industries, including electric vehicles, energy infrastructure and aviation.

In a statement received in Denpasar, Bali, on Thursday, Danantara Indonesia Chief Technology Officer Sigit Puji Santosa said the government was targeting investment of US$20 billion to US$30 billion, or around Rp361.4 trillion to Rp542.1 trillion, over the next three years for a number of priority industrial projects.

“Among these sectors, minerals, advanced materials and semiconductors are priorities for development because they have the potential to deliver a significant economic impact,” Sigit said.

He said developing strategic industries required more than the extraction and processing of natural resources. Indonesia also needed to build technological capabilities that would enable domestic industries to produce components with greater complexity and higher economic value.

Processing minerals into industrial materials also creates opportunities for technology partnerships, workforce skills development and the acquisition of domestic production expertise.

Meanwhile, Danantara Indonesia Chief Executive Officer Rosan Roeslani said Indonesia needed to use the progress made in investment in downstream processing as a foundation for developing national technological and manufacturing capabilities.

Rosan said this transformation required collaboration with investment partners that not only provided capital but also contributed to technological mastery and production capabilities.

“That means moving beyond simply processing resources to designing, manufacturing and refining the products of the future,” Rosan said.