The Coordinating Minister for Maritime Affairs and Investment (Menko Marves) Luhut Binsar Pandjaitan said he was optimistic that the green industrial area in North Kalimantan (Kaltara) would help boost Indonesia to become a developed country in 2045. "So in 2030, we will have USD 194-200 billion, the value of the material we manage from North Kalimantan. This is a conservative figure that we calculated," said Luhut at the PermataBank Wealth Wisdom 2022 event at The Ritz-Carlton Pacific Place, Tuesday (29 /11).
According to him, through this industrial area with an investment requirement of USD 132 billion or the equivalent of IDR 1,848 trillion, Indonesia's per capita income will be boosted to USD 10,000 per capita. "Therefore, we see that in 2030, our income per capita will be USD 10,000. So everyone gives hope," he said. In addition, continued Luhut, the green industrial area in Kaltara will be able to produce 3 million electric cars per year by 2028 with the existence of an EV battery raw material ecosystem there. "Indonesia has mineral resources that build this ecosystem. This is what we are currently building. We have lithium, we have big nickel ore, natural gas, aluminum, we have it," concluded Luhut. He also asked business players to remain vigilant over the challenges of a global recession in 2023. Even so, he believes that Indonesia's still good investment climate will not make Indonesia's economy shake. "We'll see at the end of 2023. I'm not a forecaster, but I'm also sure that by 2045 we will become a high-income country, after 100 years of our independence," he said.
