Indonesia's Downstreaming Ambition Requires US$545 Billion

By Editorial Team 31/01/2023
Kawasan industri
Summary

The Indonesian government has seemingly finished formulating a roadmap for the industrial downstreaming. Investment Minister/Investment Coordinating Board head Bahlil Lahadalia revealed that the initiative would require up to US$545.3 billion by 2040. "All this time, we have talked about downstreaming without a roadmap, and thank God we have already reported it to the president," Bahlil said in a press statement after meeting with President Joko Widodo on Monday.

The roadmap shows the government's seriousness in adding value to several commodities, and the nickel downstreaming ecosystem will become a prototype for other sectors. Bahlil also revealed that the president had assigned him to set priorities and future targets. "Let's say now we stop nickel and bauxite, then what else in the future? It is likely tin or copper soon. So this is what we will do," he explained.

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