Thursday, 29 January 2026 00:28

Indonesia Welcomes New Steel Industry Investment to Strengthen Sustainable Industrial Growth

Indonesia reaffirmed its commitment to strengthening the national steel industry as a driver of economic growth and sustainable industrialization, marked by the groundbreaking of PT Tata Metal Lestari’s Continuous Galvanizing Line (CGL) Plant 2 in Purwakarta, West Java, on 26 January 2026. Minister of Industry Agus Gumiwang Kartasasmita stated that the investment reflects Indonesia’s strategic effort to reinforce its metal industry structure, positioning steel as a vital pillar supporting infrastructure development, technological progress, and the expansion of downstream industries.

The government highlighted strong performance in the steel sector, with national production rising by nearly 98.5% compared to 2019 levels, signaling increased capacity and competitiveness. To sustain this momentum, Indonesia continues to implement strategic industrial policies, including trade remedies, mandatory national standards, fiscal incentives, and green industry principles. These measures aim to enhance sustainable capacity utilization and strengthen the competitiveness of domestic steel products in both local and export markets. Authorities expect new investments to reinforce the steel ecosystem from upstream to downstream, generate added value, create employment opportunities, and support regional economic growth, contributing to Indonesia’s goal of building resilient, globally competitive, industry-based economic development.
Source
 https://rri.co.id/en/national/2135757/indonesia-applauds-new-steel-industry-investment

 

 

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