Wednesday, 21 May 2025 10:14

Indonesia Joins BRICS, Boosts Opportunities in Manufacturing and Digital Industry

As of January 2025, Indonesia officially became the 10th member of BRICS, joining Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the UAE. According to Minister of Industry Agus Gumiwang Kartasasmita, Indonesia’s entry into this economic bloc marks a strategic move to accelerate national industrial transformation, particularly in digitalization and global competitiveness. Representing over 40% of the world’s population and nearly 25% of global GDP, BRICS is seen as a powerful alternative to developed economies, offering Indonesia expanded access to global markets, investment capital through the New Development Bank (NDB), and diversified trade partnerships.


Minister Agus emphasized that Indonesia is committed to advancing Industry 4.0 through smart manufacturing, automation, and green innovation. This collaboration will empower not only large manufacturers but also small and medium industries (SMEs) by enabling access to digital and AI technologies. Indonesia also aims to capitalize on its rich biodiversity to become a global bioindustry hub, aligning with BRICS' goals for sustainable and inclusive growth. The country's strong performance in manufacturing is reflected in its Manufacturing Value Added (MVA), reaching USD 255.96 billion in 2023—ranking 4th among BRICS nations. With this momentum, BRICS serves as a key platform for Indonesia to strengthen its role in the global economy through innovation-driven, resilient industrial development.

Source:
https://lingkar.co/gabung-kelompok-ekonomi-brics-indonesia-buka-peluang-sektor-industri-manufaktur/

 

 

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