Ministry of Industry Targets Non-Oil and Gas Processing Industry to Receive Investment of IDR 852.9 Trillion by 2029

Minister of Industry Agus Gumiwang Kartasasmita (Photo: VOI doc)

JAKARTA - Minister of Industry (Menperin) Agus Gumiwang Kartasasmita targets that the non-oil and gas processing industry (IPNM) can absorb investments of IDR 852.9 trillion by 2029.

Agus said that the target for investment absorption was the long-term strategic plan of the Ministry of Industry in 2026-2029.

"In 2026, the development target is also directed at increasing the value of investment in the industrial sector by Rp852.9 trillion," said Agus in a Working Meeting with Commission VII of the DPR at the Parliament Complex, Senayan, Jakarta, Monday, January 26.

In his presentation, Agus also set the target for IPNM growth in 2026 at 5.51 percent with a contribution to the national GDP reaching 18.56 percent this year. In addition, the national export industry is targeted at 74.85 percent of the total national exports by 2029.

The Ministry of Industry also targets the industry to absorb 14.68 percent of the total national workforce with productivity reaching 126.20 million per person per year until 2029.

"There is also an increase in the equalization of the industry through an increase in the contribution of the processing industry outside Java to 33.25 percent and a reduction in greenhouse gas emissions from the priority industrial sector by 6.79 million tons of CO2 equivalent," he said.

In terms of budget, the realization of the Ministry of Industry's budget in 2025 reached Rp. 2.094 trillion or 83.74 percent of the total budget of Rp. 2.50 trillion.

"Meanwhile, the realization of the effective ceiling of Rp. 2.134 trillion was recorded at Rp. 2.094 trillion or 98.15 percent, which reflects the effective and optimal utilization of the budget in supporting the implementation of priority programs," he explained.

In 2026, the Ministry of Industry received a budget allocation of IDR 2.5 trillion accompanied by a special presidential priority budget policy of IDR 299.96 billion and a block code A sourced from the Non-Tax State Revenue of Public Service Agencies (PNBP-BLU) of IDR 89.78 billion.

"Thus, our effective ceiling in 2026 is set at IDR 2.11 trillion. The effective ceiling is supported by a pure rupiah fund source of IDR 1.79 trillion, PNBP of IDR 46.6 billion and BLU of IDR 275.9 billion," he explained.