He made the statement while attending the Young Entrepreneur Hub event at the National Education University, Denpasar, Bali, on Friday.
According to Masduki, in the midst of the current rapid digital transformation, Indonesia is still focusing on the downstream sector, so it does not have a big impact on the development of Indonesia's digital economy.
"Upstream, in the production sector, we are less focused. There are still a few digital applications that create new economic opportunities, such as in agriculture, culture, industry, health, and so on," he pointed out.
According to the minister, technology transfer is not something that is difficult to do in the current era as long as there is a road map or strategy. The consequence of a downstream-oriented digital economy is economic control by outside parties due to ownership of digital platforms.
To this end, he affirmed that the government is currently creating a digital transformation policy to protect the income of business players in the digital economy sector.
The policy is being created to review digital economic policies that are detrimental to the domestic economy and to create healthy economic competition.
"We are making a digital transformation policy; we need mastery in technological development. Second, the regulation must protect our digital economic market so that the revenue is not taken by outsiders," he said.
The digital economy policy is deemed essential and urgent, considering that Indonesia's economy is currently the biggest in Southeast Asia.
He noted that the value of Indonesia's digital economy has currently reached Rp1,207 trillion, and it is targeted to rise to Rp5,300 trillion by 2030.
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Translator: Rolandus Nampu, Raka Adji
Editor: Azis Kurmala
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