Selasa, 15 Oktober 2024|Jakarta, Indonesia

President Jokowi Orders Banking to Monitor Downstream Policy

Nata Kesuma

Jumat, 03 Februari 2023 - 08:15 WIB

President Jokowi in Mandiri Investment Forum of 2023, at the Ballroom of Fairmont Hotel, Jakarta, on Wednesday (02/01). (Photo: PR Office of Cabinet Secretariat/Oji)
President Jokowi in Mandiri Investment Forum of 2023, at the Ballroom of Fairmont Hotel, Jakarta, on Wednesday (02/01). (Photo: PR Office of Cabinet Secretariat/Oji)
A A A

Thepresidentpost.id - President Joko “Jokowi” Widodo ordered banking to support and monitor industrial downstreaming carried out by the Government.

It was conveyed by President Jokowi in his remarks in Mandiri Investment Forum of 2023, at the Ballroom of Fairmont Hotel, Jakarta, Wednesday (02/01).

“I would also like to ask you, Ladies and Gentlemen, to monitor this downstream policy. The banks monitor this policy. How? If anyone applies for credits to build a smelter, approve it,” he stated.

President Jokowi also expressed hope that banking would not impede the credit granting for businesses that support the downstreaming since it will give real benefits to the state and credit grantors.

Furthermore, the President emphasized that consistency in the downstreaming is the key to make Indonesia an advanced country. Therefore, he always reminded all his ranks to carry on the downstream policy although other countries oppose the policy.

“I told the ministers in every meeting not to hesitate, we will continue to carry out the downstreaming. We are sued in the WTO, and lost, but we will carry on, because, for our country, this will make a developing country to be a developed country,” he explained.

President Jokowi said that industrial downstreaming would give huge added value for Indonesia. The President gave an example of nickel ore export ban policy, which was implemented since January 2020 and then followed by nickel downstreaming, had been able to increase the nickel export value significantly from US$1.1 billion up to US$30-33 billion in 2022.

“Imagine, from about Rp17 trillion, the value rose to Rp450 trillion. It was a huge added value,” he stated.

After downstreaming, the next step is to build a big ecosystem that integrates the downstreaming of the country’s commodities, such as electric vehicle ecosystem, including the batteries for electric vehicle.

“If we can build the big ecosystem, integrate nickel with copper, bauxite, and tin from different islands, we can produce EV battery, lithium battery. From that only, I cannot imagine how much the added value will be,” he remarked.

Attending the forum were Coordinating Minister for Maritime and Investment Affairs Luhut Binsar Pandjaitan, Minister of Economic Affairs Airlangga Hartarto, Minister of State-Owned Enterprises Erick Thohir, and President Director of Bank Mandiri Darmawan Junaidi. 


 

Komentar

Berita Lainnya

Business 23/04/2024 10:32 WIB

Govt to Form Task Force to Tackle Online Gambling

President Joko “Jokowi” Widodo chaired a limited meeting which discussed efforts taken to eradicate online gambling in Indonesia, Thursday (04/18), at Merdeka Palace, Jakarta. Minister for Communication…

Economy 23/04/2024 10:27 WIB

President Jokowi Reaffirms Commitment to Farmers’ Welfare

President Joko “Jokowi” Widodo on Monday (04/22) inspected corn harvest in Boalemo regency, Gorontalo province. “Our corn import has decreased significantly from 3.5 million tonnes to 400,000-450,000…

Business 28/02/2024 13:01 WIB

Carsurin and NBRI Strengthen Strategic Alliance to Propel Indonesia’s EV Industry

PT Carsurin Tbk ("Carsurin") and the National Battery Research Institute ("NBRI") are pleased to announce the signing of a pivotal Strategic Alliance Agreement (SAA), marking a significant advancement…

National 21/02/2024 08:42 WIB

Gov’t to Continue Disbursing Rice Assistance

President Joko “Jokowi” Widodo has ensured that the Government will continue rolling out the rice assistance program for low-income families. The President made the statement when handing over rice…

Economy 21/02/2024 08:38 WIB

Bapanas Head Ensures Availability of Rice Stock Ahead of Ramadan

The National Food Agency (Bapanas) has ensured the availability of rice for the fasting month of Ramadan and Eid al-Fitr 1445 Hijri/2024 CE.