The Indonesia Miner 2024 international conference and exhibition brought together stakeholders from the mining sector, including industry leaders, experts, policymakers, and the entire mining value chain in Indonesia. Prominent participants included M. Pradana Indraputra, Special Staff for National Entrepreneur Development at the Ministry of Investment/BKPM, Tony Wenas, President Director of PT Freeport Indonesia, Rachmat Makkasau, President Director of PT Amman Mineral, and Adriansyah Chaniago, Vice President of PT Vale Indonesia. In his presentation, Pradana highlighted Indonesia's move towards a green economy despite ongoing challenges. According to the Southeast Asia’s Green Economy Report 2024, Indonesia and the Philippines are leading contributors to green investment in Southeast Asia. Pradana emphasized that Indonesia's natural resources, including the world's largest nickel reserves, the second-largest tin reserves, the sixth-largest bauxite reserves, and the seventh-largest copper reserves, are crucial for the global energy transition.
The government prioritizes four key commodities for downstream industry development: nickel, bauxite, tin, and copper. Pradana discussed the prospects for bauxite downstream processing, stating that the Indonesian government has four priorities in the bauxite and aluminum industries: solar panels, automotive components, food packaging, and building materials. The Ministry of Investment/BKPM estimates the total investment potential for the bauxite downstream industry at approximately USD 48.89 billion. "Government policy focuses on two strategies: developing the downstream industry, particularly bauxite, as an import substitution and strengthening the domestic industry," Pradana emphasized. Reindustrialization involves comprehensive improvements in the industrialization process to revitalize the national manufacturing sector. It aims to optimize industrial processes, thereby increasing productive capacity, job creation, innovation, and resource utilization. "Reindustrialization will form the basis of Indonesia's economic development plan for the next five to ten years," Pradana noted. Pradana concluded by stating that Indonesia is an ideal investment destination, supported by robust economic growth and guaranteed incentives from the Ministry of Investment/BKPM for industries contributing to downstream processing in Indonesia. The Ministry will continue to offer fiscal incentives such as tax holidays, tax allowances, import duty exemptions, and super tax deductions to industries involved in downstream processing in Indonesia.
Source: https://mediaindonesia.com/ekonomi/676086/indonesia-jadi-pilihan-tepat-investasi-hijau
