JAKARTA, Sept 5 (NNN-ANTARA) – The Indonesian government, the central bank of Bank Indonesia (BI) and the Financial Service Authorities, jointly launched the six steps to improve performance of national manufacturing sector, amid decreasing contribution of the sector to the nation’s economic growth.
Speaking on the sidelines of the event to launch the steps, BI Governor, Perry Warjiyo, said, immediate moves to improve the manufacturing sector is essential, as it is closely related with activities to address growth and fixing the continuing deficit in the nation’s foreign trade balance.
“Initial implementation of the steps would be focused on textile and garment, automotive, footwear industries and manufactures that support those industries,” Perry said.
The six steps to boost the national manufacturing sector comprised of logistic distribution improvement, integrated online process to organise investment permit, harmonising the regulation and implementation of industrial policies, improved payment system, green financing and promotion programme.
Indonesia saw continuing decrease of manufacturing sector contribution to the nation’s growth for years. The sector’s contribution to growth was 19.52 percent in the second quarter of this year, lower than 19.8 percent in the same period last year.
