The realization of manufacturing industry investment throughout 2024 was IDR 721.3 trillion or contributed up to 42.1% to the total investment realization in Indonesia which reached IDR 1,714.2 trillion in 2024. The manufacturing investment figures consist of domestic investment (PMDN) of IDR 194.3 trillion and foreign investment (PMA) of IDR 527 trillion. Manufacturing investment in 2024 increased significantly compared to the realization in 2023 which reached IDR 596.3 trillion. Minister of Industry Agus Gumiwang Kartasasmita expressed that in the midst of the global economic and political turmoil that is still unstable, Indonesia has succeeded in recording positive achievements in the investment sector, including from the manufacturing industry sector. This indicates that investor confidence is still high in the business climate in Indonesia, and assesses that Indonesia is still the main destination for good investment for production bases and export hubs.

Referring to data from the Ministry of Investment and Downstream/BKPM, the total investment realization in 2024 increased by 20.8% annually (y-o-y). This achievement also exceeded the President's target of IDR 1,650 trillion (103.9%) and exceeded the strategic plan target of IDR 1,239.3 trillion (138.3%). Based on  the total investment in 2024, it was able to absorb 2,456,130 workers or an increase of 34.7% annually (y-o-y). In 2024, the industrial sub-sectors that contributed greatly to the realization of PMA were the basic metal industry, metal goods, non-machinery and equipment amounting to USD 13.6 billion or contributing 22.6%, then followed by the paper and printing industry USD4.8 billion (8%), and the chemical and pharmaceutical industry USD4.1 billion (6.9%). The Minister of Industry said that some policies that are really felt by industry players include the extension of the HGBT program, strengthening P3DN, evaluating the relaxation of import policies, and providing fiscal and non-fiscal incentives for industry. These policies will maintain the need for raw materials, increase investment and exports, boost the competitiveness of the industrial sector, and optimize local products in the domestic market.

Source:
https://www.niaga.asia/investasi-manufaktur-tahun-2024-lampaui-rp721-triliun