Indonesia to bring 30 mln MSMEs into digital ecosystem by 2024

Indonesia to bring 30 mln MSMEs into digital ecosystem by 2024

A trader prepares an order at a digitally-integrated traditional market in Malang district, East Java. (ANTARA PHOTO/Ari Bowo Sucipto)

Jakarta (ANTARA) - The Indonesian government is targeting to integrate nearly 30 million small and medium-scale enterprises (MSMEs) into the digital ecosystem by 2024, Cooperative, Small and Medium-scale Enterprises Minister Teten Masduki said.

At a webinar here on Tuesday, Masduki said the number of MSMEs in the digital ecosystem is pegged at 13.5 million at present.

"As of 2024, some 30 million MSMEs will transform into digital ecosystem. Currently, 13.5 million SMEs are onboard the digital world," he informed.

The government, he continued, is currently focusing on supporting the transformation of SMEs in the agriculture sector.

Later, it would shift its focus to traditional markets and traders across Indonesia.

"We have more than 14 thousand traditional markets and some 12.6 million traders. We will prepare them to enter the digital ecosystem," Masduki said.

The ministry will also encourage the digital transformation of small kiosks and street vendors, he added.

"The number of traditional kiosks and street vendors has reached 26.7 million,” he noted.

According to Masduki, digitalization would help SMEs to expand their market and ease the transaction process.

MSMEs should also use social media as a process toward a large e-commerce platform, while improving their product quality to compete in the domestic as well as the international market, Masduki said.

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