Food and Beverage industry extended to develop at 9 percent

The Industry Ministry extends the food and beverage industry will develop over 9 percent in 2019 owing to expanded investment.

Minister Airlangga Hartarto said in an announcement on Sunday that the government had anticipated that investment in food and beverage would reach Rp 63 trillion (US$4.48 billion) in 2019.

In the interim, investment in footwear is anticipated at Rp 2.8 trillion, while investment in textile and textile products is required to reach Rp 14 trillion, almost double a year ago’s figure.

He said the government would keep on boosting non-oil and gas exports this year, which was recorded at $130 billion out of 2018.

“In 2018, the contribution [of non-oil and gas exports] reached 72.25 percent. The manufacturing industry is always the largest contributor,” Airlangga said as cited by Antara, including that investment in the manufacturing industry had kept on developing fundamentally.

In 2014, investment in the sector came to Rp 195.74 trillion, at that point expanded to Rp 222.3 trillion in 2018. This expansion in investment made 18.25 million occupations, which contributed 14.72 percent to total national employment.

The ministry is aiming for 5.4 percent development in the manufacturing industry along 2019.

The development is relied upon to be supported by food and beverage, machinery, textile industry, leather industry, leather goods, footwear, the metal goods industry, and computer and electronic goods.