Indonesia Government Pushes Electronics Development
May 19, 2004
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Indonesia will need an additional investment of U.S. $6 billion in the electronics industry to meet its export target of $30 billion for electronic products in 2010, a senior official said.
Electronic and Information Technology Director I. Gusti Putu Suryawirawan said the government has included the electronics industry in its list of priority in industrial development in the next 5 to 10 years.
Mr. Putu said the Research and Development Division of the industry and trade ministry is drafting a concept on industrial development that could be used as a guideline by investors.
"We has set a target to export $30 billion worth of electronic products in 2010 and for that purpose a total investment of $10 billion will be needed," Mr. Putu said. So far, investment in the electronics sector has reached only $4 billion, he added.
Telecommunications, information technology, and household electronics industries will be the focus in the development of electronics sector in the coming years, Mr. Putu said. However, he said Indonesian exports of information technology is far below $1 billion compared with India's $10 billion a year. (ANTARA)
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