Indonesia sets ambitious goal to reach 20,000 USD per capita income

The Indonesian Chamber of Commerce and Industry (Kadin) highlights the crucial role of downstream industries in driving Indonesia's economic transformation, aiming to position the country as a high-income nation with a per capita income of 20,000 USD.

Thursday, January 23, 2025 11:30

Chairperson of the Indonesian Chamber of Commerce and Industry (Kadin), Anindya Bakrie, speaks at a panel discussion at the World Economic Forum in Davos, Switzerland, on January 21, 2025. (Photo: Antara)

Jakarta (VNA) - The Indonesian Chamber of Commerce and Industry (Kadin) highlights the crucial role of downstream industries in driving Indonesia's economic transformation, aiming to position the country as a high-income nation with a per capita income of 20,000 USD.

Indonesia's downstreaming strategy has effectively integrated us into the global supply chain, Kadin Chairman Anindya Bakrie said during a World Economic Forum (WEF) panel discussion in Davos on January 21, as cited by Antara News Agency.

Beyond critical minerals, Indonesia's downstreaming efforts encompass other sectors, notably food production, aligning perfectly with the government's food self-sufficiency initiative.

In the mineral sector, downstreaming has dramatically increased value. For instance, nickel processing now yields ten times the value it once did.

Indonesia’s nickel exports, once valued at 3 billion USD, have surged to a remarkable 33 billion USD, he noted.

Investment and Downstreaming Minister Rosan Roeslani affirmed Indonesia's commitment to sustainable investment by actively participating in this year's WEF.

Indonesia's presence at the forum underscores the country's dedication to collaborative global discourse to address shared challenges. For global investors, Indonesia presents an ideal investment destination, built upon a foundation of sustainability and leveraging artificial intelligence across various industries, he stated./.

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