Innovation Is Key for Indonesia’s Industries to Survive Coronavirus Pandemic

“In the new normal era, there will be rapid changes such as Industry 4.0. We hope it will happen within five years, but it will happen even faster now,” said Gatot.

Read also: Erick Thohir: Coronavirus Pandemic Pushing Indonesia to Go Digital

The Ministry of Industry has prepared a wide range of programs to accelerate Industry 4.0 in Indonesia.

The programs are stipulated in Indonesia’s Medium-Term Development Plans which applies until 2024.

For Indonesia to attract companies to invest in innovation and research and development, the country will need a targeted incentive.

“That’s the point, how can tax instruments be used to push for innovation. It’s likely that excise can also be an effective instrument,” said Bawono Kristiaji from the Danny Darussalam Tax Center. 

(Editor: Sakina Rakhma Diah Setiawan) 

Source: https://money.kompas.com/read/2020/06/22/201232826/inovasi-jadi-kunci-industri-bertahan-di-masa-pandemi