For SOE Minister Erick Thohir, MSMEs Are The Backbone Of The Indonesian Economy

Erick Thohir (Photo via Ministry of SOEs)

JAKARTA - Minister of State-Owned Enterprises (BUMN) Erick Thohir emphasized that Micro, Small and Medium Enterprises (MSMEs) are the backbone of the Indonesian economy.

Erick linked this condition to the demographics of Indonesia, which is mostly young people. This is where MSMEs appear to play a role for the Indonesian economy.

This means that the first issue that arises is work. According to Erick Thohir, these MSMEs will recruit many young people whose impact is directly on the Indonesian economy.

"Our demographic majority is young people. What does that mean? Work," Erick Thohir said in his uploaded video, Friday, March 3.

Erick Thohir further said 65 percent of Indonesia's business world is MSMEs. This is also the distribution of the majority of jobs.

"Where 97% (MSMEs) distribute employment opportunities," he continued.

This is what makes Erick Thohir pay more attention to MSMEs. Because according to him, this is where many jobs have been proven to always create products that are global.

"If we only encourage big ones, where do the small ones go?" he said.

"MSMEs open up many job opportunities and often make the name of the nation fragrant with global products," he continued.

Even in his upload caption, Erick Thohir reiterated that it was not the business of the business that played a lot of roles.

"We need to realize that MSMEs are the backbone of the Indonesian economy, not a giant business," Erick added.

Furthermore, Erick Thohir encouraged the public not to be ashamed to start a business, even though it was small. He promised the government would always be here to encourage and help.

"So, don't be ashamed and don't be afraid to start a business with small capital. God willing, the government will continue to help and encourage the Indonesian MSME," he said.