November 22, 2021, 04.03 PM
Cooperatives and Small and Medium Enterprises Minister Teten Masduki during the launching of the National Coordinating Meeting on Cooperatives and MSME Digital Transformation in Semarang, Central Java on Friday, November 12, 2021. KOMPAS.com/RISKA FARASONALIACooperatives and Small and Medium Enterprises Minister Teten Masduki during the launching of the National Coordinating Meeting on Cooperatives and MSME Digital Transformation in Semarang, Central Java on Friday, November 12, 2021.


JAKARTA, KOMPAS.com – An Indonesian official expressed hope that the ongoing world-class event in Mandalika motorcycle circuit on Lombok island, West Nusa Tenggara could also boost local micro, small and medium (MSME) products.

“From now, we need to prepare and promote even stronger the local MSME products at the Mandalika motorcycle circuit,” said Cooperatives and Small and Medium Enterprises Minister Teten Masduki in a statement on Monday, November 22.

The establishment of the new Mandalika motorcycle circuit aims to enhance investment, trade, and tourism on the island of Lombok near Bali.

Also readIndonesia Highlights: Jokowi Inaugurates Tukul Dam in Indonesia’s East Java | Indonesia Provides Stimulus Programs for SMEs This Year | Indonesia Increases its Railway Transportation Subsidy to $243 M

To do so, Teten said that there is a need to improve its product quality and brands by assisting the local MSMEs. Based on previous experiences, many MSME products that have entered the global market were introduced in the form of souvenirs in tourism areas.

“We have to display selected MSME products, which comprises prime and competitive products,” the minister said, adding that MSMEs should focus on their production capacity and product competitiveness.

“We must prepare our MSME products that are ready to compete in local and international markets.”

Sharing a similar sentiment, West Nusa Tenggara deputy governor Sitti Rohmi Djalilah said that the local government continued to support the development of local MSMEs by organizing an MSME exhibition at the Mandalika motorcycle circuit.

Also read: Indonesia Targets to Provide $140 Billion for MSMEs Credit Program in 2024

“We are proud of this much-anticipated event as more than 300 MSMEs are involved in the program,” said Sitti.

Page:


Comment wisely and responsibly. Comments are entirely the responsibility of the commentator as regulated in the ITE Law
Report
Thank You! We have received your report. We will remove comments that conflict with the Community Guidelines and the ITE Law.

More Headlines

News
November 30, 2021, 02.43 PM

New Omicron Variant Detected in More Countries

Business
November 25, 2021, 02.44 PM

Indonesia to Produce Electric Cars in March 2022

News
November 19, 2021, 03.58 PM

Partial Lunar Eclipse Visible from Indonesia

Close Ads X