Investment in metal, electronics industry reaches Rp22.2 trillion

Investment in metal, electronics industry reaches Rp22.2 trillion
Illustration. (Photo by Russ Ward on Unsplash)

Jakarta (Indonesia Window) – Until the second quarter of 2019, the investment value in the sector of the Metal, Machinery, Transportation Equipment and Electronics (ILMATE) Industry reached Rp22.2 trillion (US$1 = Rp13.989).

Data from the Ministry of Industry show that the base metal industry contributed the most with a value of Rp13.4 trillion, followed by the motorized vehicle industry (Rp4.71 trillion) and the computer, electronic and optical goods industry (Rp2.08 trillion).

Currently the industrial sector especially the manufacturing field is preparing to face the development of the industrial revolution 4.0, said ILMATE Director General at the Ministry of Industry Harjanto in an official statement quoted from the Government News Network (JPP) here on Saturday.

Industry application 4.0 is integrated with production lines in the industrial sector with the internet network as the main support.

According to Harjanto, innovation and changing business models that are more efficient and effective in industry 4.0 will significantly increase the competitiveness of the domestic industry.

“Innovations in the application of Information Communication Technology (ICT) in the industrial sector, such as utilizing an online system to control the completion of work will save time and costs so that the products produced are cheaper and able to compete in the domestic and global markets,” he said.

Industry 4.0 is also expected to increase employment opportunities that require special skills.

“The Ministry of Industry encourages industrial vocational education patterns that prioritize the link and match between vocational high schools and industry. Through these efforts, Vocational schools are expected to be able to provide human resources to meet industry needs,” said Harjanto.

Reporting by Indonesia Window

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