Jakarta (ANTARA) - State-owned Enterprises (SoE) Minister Erick Thohir stated that state companies' consolidation roadmap in the 2024-2034 period targeted the existing large number of state companies to consolidate to 30.

"Our road map for the 2024-2034 period aims for only 30 state companies. With the company cluster at 12, the companies would be only 30," Thohir stated at a press conference here Monday.

The minister said that the decision to consolidate state-owned enterprises into 30 companies aims to develop state companies as the bulwark of the national economy and avoid excessive government monopolies in too many economic sectors.

"We will develop the ecosystem together with MSMEs, regional enterprises, and the private sector. If an extraordinary situation occurs, state companies, as the bulwark of the national economy, could then intervene," the minister stated.

Meanwhile, the same consolidation roadmap targets the development of state companies as world-class companies to support the national economy, he remarked.

Earlier, the minister affirmed that state companies' transformation, performed to improve and enhance SOEs' performance, will continue despite leadership succession in 2024.

SOEs' transformation successfully dispels negative public perceptions deriding government companies as inherently corrupt, as the consolidated income of Rp124.7 trillion recorded by SOEs in 2021, increased to Rp155 trillion by September 2022, proving their capabilities to compete economically, he remarked.

Thohir affirmed that his side will continue to create more breakthroughs, including by consolidating a large number of state companies to only 30 firms in order to realize healthy and dependable companies for national development.

Through the transformation to develop formidable state-owned enterprises, they could be the bulwark of the national economy to relieve economic growth discrepancy and realize the people's economy, he remarked.

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Translator: Aji Cakti, Nabil Ihsan
Editor: Rahmad Nasution
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