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Indonesia strives to have 1 million new entrepreneurs by 2024

Indonesia is striving to have additional 1 million new entrepreneurs by 2024, as part of efforts to make it a developed country, according to Minister of Cooperatives and Small- and Medium-sized Enterprises Teten Masduki.
Indonesia strives to have 1 million new entrepreneurs by 2024 ảnh 1The kick-off event for the Entrepreneur Hub Jakarta programme. (Photo: antaranews)
Jakarta (VNA) – Indonesia is striving to have additional 1 million newentrepreneurs by 2024, as part of efforts to make it a developed country, accordingto Minister of Cooperatives and Small- and Medium-sized Enterprises TetenMasduki.

Speaking at the kick-off event for the Entrepreneur HubJakarta programme on April 5, Teten Masduki said that efforts to create 1million new entrepreneurs and increase the entrepreneurship rate to 3.95% by2024 have been initiated through this programme.

According to Masduki, Indonesia needs to prepare excellent entrepreneursbecause of the around 64 million micro-, small-, and medium-sized enterprises(MSMEs) in Indonesia, most are still micro-scaled or subsistence.

In developed countries, the entrepreneurship rate hasreached 10 to 12%, he noted, stressing the need for Indonesia to create highlyeducated young people who enter the business world, encourage young people oreducated people to do business so that domestic entrepreneurs can compete onthe global level.

Given the ambitious target, the minister admitted that thereare still several things that will need attention and hard work to makeIndonesia a developed country. For example, the nation requires an ecosystemthat is connected digitally so that MSME players can have easier access tofinancing.

In addition, MSMEs also need to be connected to the supplychains of industries so they can become suppliers of raw materials and finishedgoods, he added./.
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