Realization Of Investment In Downstreaming Reaches IDR 266 Trillion Until September 2023

JAKARTA - Investment Minister/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia conveyed that the realization of downstream investment from January to September 2023 reached IDR 266 trillion.

Based on data from the Ministry of Investment/Head of BKPM, the realization of investment in the downstream sector for the January-September 2023 period reached IDR 266 trillion. This value reached 25.3 percent of the total investment realization of the Republic of Indonesia in January - September 2023.

Bahlil said that with this data the public could see that downstreaming was not only in nickel, but in agriculture and forestry. In addition,

"I hope that in the next government we can continue this downstream program in the future," he said at a press conference, Friday, October 20.

Meanwhile, if separated into types, with the following details in the mineral sector for nickel smelters of IDR 97 trillion, bauxite of IDR 7.1 trillion and copper of IDR 47.6 trillion.

Furthermore, in the CPO/oleochemical agricultural sector Rp39.5 trillion, the forestry sector for pulp & paper Rp34.8 trillion, while the oil and gas sector for petrochemicals is Rp31.6 trillion, and the electric vehicle ecosystem sector for electric vehicle batteries is Rp8.4 trillion.