Food & Beverage industry projected to grow at 9 percent. The Industry Ministry projects the food and beverage industry will grow above 9 percent in 2019 owing to increased investment.
Minister Airlangga Hartarto said in a statement on Sunday that the government had projected that investment in food and beverage would reach Rp63 trillion (US$4.48 billion) in 2019.
Meanwhile, investment in footwear is projected at Rp2.8 trillion, while investment in textile and textile products is expected to reach Rp14 trillion, nearly double last year’s figure.
He said the government would continue to boost non-oil and gas exports this year, which was recorded at $130 billion in 2018.
“In 2018, the contribution [of non-oil and gas exports] reached 72.25 percent. The manufacturing industry is always the largest contributor,” Airlangga said as quoted by Antara, adding that investment in the manufacturing industry had continued to grow significantly.
In 2014, investment in the sector reached Rp195.74 trillion, then increased to Rp222.3 trillion in 2018. This increase in investment created 18.25 million jobs, which contributed 14.72 percent to total national employment.
The ministry is aiming for 5.4 percent growth in the manufacturing industry along 2019.
The growth is expected to be supported by food and beverage, machinery, textile industry, leather industry, leather goods, footwear, the metal goods industry, and computer and electronic goods. Food & Beverage industry projected to grow at 9 percent (bbn, The Jakarta Post)