Investment in industrial sector up 29% in first half

Jakarta (ANTARA) – Investment in Indonesia’s industrial sector rose by 29 percent to Rp167.1 trillion in the first half of 2021 from Rp129.6 trillion in the year-ago period, according to the Investment Ministry/Investment Coordinating Board (BLPM).

In the first six months of 2021, the industrial sector accounted for 37.7 percent of the total investment, which was pegged at Rp442.8 trillion, it said.

Two sectors accounted for most of the investment — the base metal goods, non-machinery goods and spare parts industry, which accounted for Rp57.6 trillion, or 13 percent, of the investment, and the food industry, which accounted for Rp36.6 trillion, or 8.3 percent, of the investment, Industry Minister Agus Gumiwang Kartasasmita said in a written statement issued on Wednesday.
Domestic investment in the industrial sector in the first half of 2021 reached Rp46.3 trillion, accounting for 21.6 percent of the total domestic investment, which reached Rp214.3 trillion, the minister informed.

Meanwhile, foreign investment in the industrial sector during the period stood at Rp120.8 trillion, representing 52.9 percent of the total foreign investment, which touched Rp228.5 trillion, he said.

Of the domestic investment in the industrial sector, Rp14.7 trillion flowed into 2,644 projects in the food industry, Rp8.4 trillion into 1,074 projects in the chemical and pharmaceutical industry, Rp6.8 trillion into 643 projects in the base metal, metal goods, non-machinery and spare parts industry, Rp5.4 trillion into 615 projects in the paper and printing industry, and Rp4.7 trillion into 435 projects in the non-metal mineral industry, Kartasasmita disclosed.

 

Source: Antara News

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