9 Indonesia’s State Firms Award Projects Worth $818.4 Million to Local MSMEs

KOMPAS.com – A total of nine Indonesian state firms through a micro small medium enterprises digital platform, PaDi UMKM, awarded projects worth 11.4 trillion rupiahs ($818.4 million) to local MSMEs, an official said on Monday, February 15.

Deputy State-Owned Enterprises Minister Pahala Nugraha Mansury said that the program was done in a bid to support the local MSMEs amid the Covid-19 pandemic.

“As of January 2021, the total transaction which was made through the PaDi UMKM reached 11.4 trillion rupiahs ($818.4 million),” said Pahala in a virtual press conference.

Also read: Indonesian BUMN Minister Tackles Covid-19 Vaccine Disinformation

The state firms comprise telecommunication operator PT Telkom, oil and gas company PT Pertamina, and fertilizer firm PT Pupuk Indonesia. Also participating are three financial institutions BRI, Pegadaian, and PNM, and three construction firms Waskita Karya, Wijaya Karya, and PP.

Going forward, Pahala expressed hope that more state-owned companies will participate in the PaDi UMKM program in a bid to enhance economic collaborations between the state firms and MSMEs.

Also read: Indonesian Economy Sinks to A Record Low of Minus 2.07%

“One of the avenues to increase the number of participation from the state-owned companies is through the implementation of the virtual Expo 2021,” he said, adding that the synergy between the state firms and MSMEs could boost the national economy.

“We could promote the resilience and competitiveness of various Indonesian-made products with a positive multiplier effect,” he said.

“This collaboration could also accelerate the national economic recovery amid the Covid-19 pandemic,” he added.

(Writer: Akhdi Martin Pratama | Editor: Yoga Sukmana)

Source: https://money.kompas.com/read/2021/02/15/154325626/9-bumn-gelontorkan-tender-senilai-rp-114-triliun-ke-umkm.