The projection came from the Chief of the Research and Development Agency of Indonesia’s Ministry of Industry.
Indonesia must work to harness the benefits of Industry 4.0 to revitalize its manufacturing sector which can offer massive contributions toward its gross domestic product (GDP).
“The circular economy concept can answer numerous common problems facing the country’s industries,” said Doddy.
The manufacturing sector contributed 20.2 percent to Indonesia’s GDP in 2018 and absorbed 14 million workers.
During the coronavirus pandemic, it managed to contribute 19.98 percent to the national GDP totaling Rp 700.51 trillion while absorbing 19.5 million workers.
Based on the data, Doddy added that Indonesia must get serious about realizing its national priority goal of ‘Making Indonesia 4.0’.
To become a top-10 economy in the world, Indonesia's industries must adopt sustainable economic principles in addition to working alongside research institutions.