It’s an ongoing quest for higher quality and lower production cost, and a ceaseless challenge to every manufacturer that is vying to be in the lead and be ahead of keen competitions. In this age of global marketing and borderless procurement, efficacy has become the buzz word to ensure higher productivity amidst lowest cost in every manufacturing concern.
From the more affluent and developed countries, through the transfer of technology, emerging economies in Asia have enabled many thriving companies and leading brand manufacturers to upkeep product quality at reducing cost – passing on the savings to end consumers.
LOOK Indonesia! The country has the largest population in Southeast Asia and provides a ready pool of labour resources in the region. It is a worthwhile investment choice, considering its relatively low-cost labour, favourable operating premise, and potentially high consumption market. It’s private consumption continues to be the main engine of growth, accounting for more than 65 percent of gross domestic product (GDP). Almost all sectors in the economy registered higher growth, except for the mining and extractive industries sector. The strong domestic demand, with less than 30% of its manufacture being exported, is an encouraging sign to companies looking out for investment and expansion opportunities.
Indonesia is one country, within ASEAN, which has the highest growth potential in its manufacturing sector. Comprising of industry stakeholders, major trade associations, relevant government officials and key market leaders, the steering committee will be carving milestones and setting roadmap to lead the country’s supporting industries onto higher platforms in manufacturing. While the series of MTT Expo Indonesia present technologies that will yield higher product quality and enable higher productivity, the concurrently held Manufacturing Summit will deliberate on avenues and measures to develop skilled manpower, lower production costs, meet market demands, explore alternatives and study feasibilities.
Endorsed by the Ministry of Industry, BKPM (Indonesia’s Investment Coordinating Board), KADIN (Indonesian Chambers of Commerce), and supported by significant trade associations such as GAMMA (Federations of Indonesian Metalworks & Machinery Industry Associations), GIAMM (Indonesia Automotive Parts & Components Industries Association), IMDIA (Indonesia Mold & Die Industry Association) and ASIMPI (Association of Machine Tools Association), the event aims at being a catalyst in enhancing the growth of targeted manufacturing sectors in the country.