William Heinrich Champions HIPMI 8% Initiative to Strengthen President Prabowo's Vision
Prospective Chairman of the HIPMI National Executive Board, William Heinrich, has officially launched a strategic initiative titled ‘HIPMI 8%’ during a press conference in SCBD, South Jakarta. Under the theme ‘HIPMI as the New Growth Engine: Continuity for Acceleration’, this step is described as a concrete effort to strengthen the national economic vision championed by President Prabowo Subianto.
In his statement, prospective HIPMI Chairman William Heinrich asserted that the 8% economic growth target is not merely a political figure, but an urgent necessity for Indonesia to escape the middle-income trap before the demographic bonus expires.
“The 8% economic growth target is not merely a political figure, but an urgent necessity for Indonesia to escape the middle-income trap before the demographic bonus expires,” said William in a written statement on Wednesday (15/4/2026).
He assessed that the limited fiscal space of the state means the government cannot work alone, making the role of the real sector, particularly young entrepreneurs, crucial.
“The limited fiscal space of the state means the government cannot work alone, so the role of the real sector, particularly young entrepreneurs, is crucial,” he stated.
William emphasised that HIPMI must transform into the main force in driving national economic growth. According to him, the organisation should no longer merely serve as a complement or depend on government projects, but must emerge as an engine of growth capable of independently creating economic value added.
“HIPMI must transform into the main force in driving national economic growth. The organisation should no longer merely serve as a complement or depend on government projects, but must emerge as an engine of growth capable of independently creating economic value added,” William stressed.
Furthermore, William underscored the importance of economic efficiency through reducing the Incremental Capital Output Ratio (ICOR) and increasing Total Factor Productivity (TFP). He noted that Indonesia’s high ICOR indicates ongoing waste in capital usage.
“Indonesia’s high ICOR indicates ongoing waste in capital usage. Therefore, HIPMI will promote business digitalisation, technology adaptation, and supply chain efficiency to ensure every investment yields optimal output,” he explained.
Additionally, he highlighted HIPMI’s contribution to strengthening state revenues. In a situation where the government is maintaining people’s purchasing power, including by keeping the VAT rate at 11%, William offered solutions through expanding the tax base.
“HIPMI will act as an engine for creating new formal jobs, thereby increasing state revenues from corporate taxes and employee taxes,” he said.
As a tangible commitment, William targets the creation of 10,000 new productive entrepreneurs. He also affirmed plans to overhaul organisational performance indicators at the regional level, focusing on members’ business success, business sustainability, and contributions to labour absorption.
“If this strategy runs optimally, HIPMI members’ contributions could generate additional economic output of up to Rp20 trillion in the domestic market,” he revealed.
In the financing sector, William sees great opportunities in the emerging new economic architecture, including through investment institutions like Danantara. To this end, HIPMI will establish the HIPMI Capital Desk to prepare its members to meet investment standards, including in governance and sustainability aspects (Environmental, Social, and Governance or ESG).
Concluding the press conference, William affirmed that HIPMI is ready to become the nation’s economic accelerator and is optimistic that the 8% growth target can be achieved through strategic collaboration with various national stakeholders.
“HIPMI is ready to become the nation’s economic accelerator. The 8% growth target can be achieved with the support of efficient, productive young entrepreneurs with strong networks,” he concluded.