SMEs to boost entrepreneurship

Indo SMEIndonesia’s Industry Ministry hopes to help establish 20,000 new small and medium enterprises (SMEs) in the manufacturing sector by 2019. SME director general Gati Wibawaningsih said more than 5,000 new SMEs are expected to be formed this year alone, adding to the current 166,000 SMEs. She added that as SMEs are key business entities that drive economic growth in Indonesia, the government is encouraging the development of SMEs to boost the number of entrepreneurs in the country, to bring it on par with other Asian countries like Singapore, China and Japan.

Gati added that to provide wider market access, the ministry will promote SME products through the creation of a digital platform equipped with an online marketing and e-payment system called E-Smart SMEs. She said factories run by industrial SMEs had enormous room for improvement because at present, 92 percent of products at market places were imported, giving domestic businesses an opportunity to replace them.

Other forms of government support for industrial SMEs include the certification of products, assistance in purchasing machinery and equipment as part of industrial restructuring and promoting local and international exhibitions.

Source: The Jakarta Post

Leave a Reply

Be the First to Comment!

Notify of
avatar
1200
wpDiscuz