Thus, the total sales of the SMEs recorded during the side events on November 10-18, 2022, amounted to Rp3.36 billion.
Jakarta (ANTARA) - The Cooperatives and Small and Medium Enterprises Ministry noted that a series of events organized under Indonesia's 2022 G20 Presidency had significantly increased the turnover of participating small and medium enterprises (SMEs).

"Various G20 events, starting from the main events to the side events which took place from December 1, 2021 until now with a total of 438 events, are believed to have increased the turnover of the SMEs," Secretary of the ministry, Arif Rahman Hakim told ANTARA on Saturday.

For instance, the total sales of the SMEs participating at the latest side event of the 2022 G20 Presidency entitled ‘Future SMEs Village’, which was implemented on November 10-18, 2022, at Bali Collection Shopping Mall, Badung District, Bali Province, reached Rp3.29 billion, he continued.

The event was held by the ministry, SMESCO Indonesia -- the ministry’s Cooperatives and SMEs Marketing Service Agency –, as well as the Tourism and Creative Economy Ministry.

The sales at several SME exhibitions conducted concurrently with the Future SMEs Village event at several hotels throughout Bali Province were recorded at Rp63.27 million.

"Thus, the total sales of the SMEs recorded during the side events on November 10-18, 2022, amounted to Rp3.36 billion," he remarked.

He also stated that it was estimated that various 2022 G20 events had been able to absorb around 33 thousand workers and encourage investment realization in domestic SME sector.

"About 80 percent of international investors (invested in local SMEs) come from G20 countries," Hakim said.

Furthermore, he gave a number of examples of SMEs whose incomes jumped thanks to the 2022 G20 events, such as Krisna Bali. The souvenir center’s revenue has increased by 60 percent thanks to implementation of the G20 Summit.

A local woven bamboo craft SME, MaiKubu Tigawasa, also experienced a 20 percent increase in sales.

In addition, the sales of a home industry producing naturally dyed bags, Dinz Handmade, jumped significantly during Indonesia’s 2022 G20 presidency.

Prior to the G20 events held in Indonesia, SME’s turnover reached Rp20-25 million per month. However, their turnover jumped to Rp20-25 million per week during Indonesia's G20 Presidency, he said.

Translator: Sinta Ambarwati, Uyu Liman
Editor: Fardah Assegaf
Copyright © ANTARA 2022