As one of the core investment destination, Indonesia is optimistic to become a manufacturing hub in Southeast Asian countries (ASEAN) region, Even so, become a production base for global producers to meet domestic market needs to export.
Industry Minister Airlangga Hartarto in an official statement stated, to boost the manufacturing sector production capacity, government is efforts to increase an investment by creating a conducive climate and providing business licensing and industry incentives. One of the efforts made by the government is to provide fiscal incentive facilities in the form of a tax holiday, he said.
In the first quarter (Q1) of 2019, the manufacturing industry contributed 22.7% of the total investment value of US$1374 billion and contributed 20.7% of the national GDP. This amount higher 19.86% from the same period of last year.
