Coordinating Minister for Economic Affairs, Airlangga Hartarto said that to achieve Indonesia's economic growth of 8%, an investment of USD 800 billion or IDR 13.4 trillion (exchange rate IDR 16,790) is needed. "Achieving economic growth of 8 percent in 2028, and targeting investment of around USD 800 billion in the next five years," said Airlangga at the Indonesia-Russia Business Forum, Jakarta, Monday (14/4). Airlangga said the government's main strategy is to continue strengthening added value in the manufacturing sector and deepening the industrial supply chain, better known as industrial downstreaming.
What is meant by the focus of industrial downstreaming includes important minerals such as nickel, copper, bauxite, and also agricultural products such as palm oil, so that they have high added value before being exported. "In the mineral sector, Indonesia can cooperate with Russia in terms of technology, raw materials, and markets," explained Airlangga. He admitted that the government has also discussed energy cooperation with Russia through Gazprom, Novatek, and Rosatom, including for small modular reactors, hydrogen technology, batteries, and carbon capture. In addition, in the Special Economic Zone (KEK), the government needs heavy industry expertise, heavy equipment, mobility for mining, and advanced techniques for steel and aluminum. "In the agricultural sector, we are open to cooperation in the fields of smart agriculture, large-scale food estate management, and the use of agricultural machinery," he concluded.
