Jakarta, February 8, 2007 - Indonesia's manufacturing industry will need at least Rp 30.9 trillion (US$3.3 billion) in new investment to absorb 1.5 million workers in the coming three years.
"According to the Central Bureau of Statistics, the manufacturing industry will need total investment of Rp 8.6 trillion in 2007, Rp 10.4 trillion in 2008 and Rp 11.8 trillion in 2009 if it is supposed to employ 500,000 new workers per annum," Industry Minister Fahmi Idris was quoted Wednesday by Antara as saying.
He said that large scale manufacturing companies operating with fiscal facilities from the government could absorb 300,000 new workers per annum, while other companies, including small-scale enterprises, could absorb another 200.000.
Those figures are different from that issued by the Capital Investment Coordinating Board, the government agency coordinating fiscal facilities for investors. According to the agency, the number of workers employed by domestic and foreign investment companies, which received fiscal facilities reached 264,000 per annum, and that by non-facility industries and small enterprises more than 300,000.
According to the minister, several sectors in the manufacturing industry need large investments. Producers of machinery and transportation equipment, for example, need total investments of Rp 4.3 trillion, food, beverages and tobacco Rp 1.7 trillion and fertilizer, chemicals and rubber Rp 1.2 trillion.
"If we can fulfill the investments required by those sectors, I think the industry will give significant contribution to employment," said Fahmi.
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