The increase was prompted by more investors seeing great potential in the development of the processing industry in Indonesia, considering that the reserves of raw materials in the country are quite large.
Jakarta (ANTARA) - The Ministry of Investment has recorded an increase in the realization of investment in Indonesia's downstreaming sector in the last five years.

The ministry's deputy for investment climate development, Riyatno, informed that in 2019, investment realization in basic metal industry, metal goods, non-machinery and equipment downstreaming was recorded at just Rp61.6 trillion (US$1 = Rp15,117).

However, in 2020, the figure climbed to Rp94.8 trillion, he said.

"It shows that investment in this downstream industry continued to increase," he pointed out here on Wednesday.

In 2021, investment realization in downstreaming was recorded at Rp117.5 trillion.

It jumped to Rp171.2 trillion in 2022 and last year, it increased to Rp200.3 trillion.

According to Riyatno, the increase was prompted by more investors seeing great potential in the development of the processing industry in Indonesia, considering that the reserves of raw materials in the country are quite large.

Director of downstream plantations, maritime affairs, fisheries, and forestry at the Ministry of Investment, Mohamad Faizal, said that Indonesia produces raw materials, which are highly needed for the development of global industry.

According to him, Indonesia has 21 percent of global nickel reserves, 16.3 percent of the world's tin reserves, 3 percent of global copper reserves, and 4 percent of bauxite reserves, and is the largest palm oil producer in the world.

"Our nickel potential is number one in the world, tin potential is number two in the world, bauxite is number six. Our palm oil is number one in the world, coconut is number one, rubber is number two, shrimp is number three, tuna, skipjack, and mackerel are number one in the world, and crab is number two," he informed.

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Translator: Ahmad Muzdaffar Fauzan, Yashinta Difa
Editor: Arie Novarina
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