Ministry Of Industry Identifies IDR 1,200 Trillion Potential For Domestic Product Expenditure

The Ministry of Industry (Kemenperin) identified around Rp. 1,200 trillion in domestic product expenditure potential by the central government, regions including BUMN at the Business Matching 2024 exhibition in Sanur, Denpasar, Bali.

"We are trying to sort out the need for products and services. Especially for products, we are targeting (shopping) as much as possible," said Secretary General of the Ministry of Industry Eko Cahyanto on the sidelines of a domestic product exhibition in Sanur, Denpasar, quoted from Antara, Monday, March 4.

This potential is higher than the commitments made by the central, regional and state-owned governments in similar implementation in 2023, reaching Rp1,157.47 trillion with contracts recorded in the first quarter of 2023 reaching around Rp200 trillion.

Eko said he was optimistic that for the Business Matching exhibition on March 4-7, 2024, the figure could reach higher than last year.

Last year, the percentage between the committed and the realization was quite high. Therefore, this year we are optimistic that the figure will be even higher. We will convey it completely later," he added.

Meanwhile, at this year's implementation, as many as 182 domestic product booths have pocketed Domestic Component Level (TKDN) certificates representing the manufacturing industry sector, including those prepared by the Ministry of Education and Culture Research and Technology and the Ministry of Defense.

The domestic products on display ranged from the agro, upstream and pharmaceutical industrial sectors, machine metals, transportation equipment, electronics, small and medium industries and various industries that are members of 18 industrial clusters.

The Ministry of Industry also emphasized that exhibition participants provide product specifications, prices, availability, production capacity, product production duration to product related information that can be adjusted to the needs of budget owners or buyers.

This information is expected to provide references to budget owners to buy products made by the nation's children so as to suppress import spending.

"We continue to improve this from year to year so that there is an increase in the commitment of budget owners to use domestic products. Then domestic producers can enter and get access to the process of procuring government goods and services, including state-owned enterprises," he said.