Apindo Formulate Strategic Steps To Encourage Indonesia's Economic Growth

JAKARTA - Chairman of the Indonesian Employers' Association (Apindo) Shinta W Kamdani said, to achieve sustainable economic growth, Indonesia needs to focus on several important sectors.

He admitted that his party had formulated a number of strategic steps to ensure Indonesia's economy grew competitively, such as Downstreaming commodities in strategic sectors. As well as Strengthening MSMEs consistently and directionally with a pentahelix approach.

"Strengthening the digital economy ecosystem, optimizing the green sector, achieving Food Swasembada, simplifying licensing, increasing transparency, and policy consistency in supporting the investment climate, as well as optimizing the Online Single Submission Risk Based Approach (OSS-RBA)," he explained at a press conference, Thursday, December 19.

In addition, Shinta said to ensure sustainable and competitive economic growth, Indonesia must immediately meet five key prerequisites, by encouraging a pro-stability, pro-growth, and pro-poor fiscal and monetary policy mix to maintain demand by collecting more and spending better on fiscal policies and relaxation of interest rate policies.

Furthermore, the increase in universal business cost efficiency which focuses on reducing cost of compliance and creating an efficient business cost ecosystem in strengthening Indonesia's competitiveness and opening up space for strategic investment for long-term growth.

Then through creating quality job opportunities as a tangible result of effective investment realization and ensuring the acceleration of investment by eliminating bureaucratic barriers.

Shinta added the next key, namely increasing productivity and quality of human resources through the link and match of education systems and the needs of the industrial world as well as reforming education and vocational training on reskilling and upskilling.

In addition, Shinta said that it makes MSMEs a closeloop for industries whose implementation starts from SOEs and creates adequate incentives for the private sector involving MSMEs in production and distribution activities.

"This must be encouraged in order to make our MSMEs advance to class and encourage them to become a Global Value Chain (GVC)," he concluded.