Ministry targets four percent population to take on entrepreneurship

Ministry targets four percent population to take on entrepreneurship

Director General of SMEs from the Ministry of Industry Gati Wibawaningsih in Tangerang, Banten, Tuesday (18/2/2020). ANTARA/Sella Panduarsa Gareta/ac.

Indonesia needs at least four million new entrepreneurs to boost efforts to strengthen the economic structure, as entrepreneurship ratio in the country is still at 3.1 percent of the total population
Jakarta (ANTARA) - The Ministry of Industry is targeting four percent of the total Indonesian population to take on entrepreneurship in 2030 in line with the government's target to transform Indonesia into an advanced, onward nation.

"We are pursuing a growth in entrepreneurship that is more than it is today, as we are eyeing four percent of the total population to take on entrepreneurship," Director General of Small and Medium Enterprises from the Ministry of Industry, Gati Wibawaningsih, stated in Tangerang, Banten, on Tuesday.

She noted that the number of entrepreneurs in Indonesia is still at three percent of the total population, and it might take a long time to reach the target.

Indonesia needs at least four million new entrepreneurs to boost efforts to strengthen the economic structure, as entrepreneurship ratio in the country is still at 3.1 percent of the total population.

Although the ratio has surpassed the international standard of two percent, Indonesia needs to further boost its efforts in order to catch up with neighboring countries, including Singapore, with seven percent and Malaysia, with five percent.

In comparison with the total population of over 260 million people in Indonesia, the total number of entrepreneurs in the country reaches 8.06 million people.  

EDITED BY INE

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