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The Silicon Review Asia

Indonesia’s F&B Industry Is In Top 5 Sectors To Receive High Priority Treatment

Indonesia’s F&B Industry Is In Top 5 Sectors To Receive High Priority Treatment

According to Adhi Lukman the chairman of the Indonesian Food and Beverage Industry Association, the F&B industry will play acrucial role in developing the country’s economy, particularly in processed food and beverage products segment. Indonesia is aiming to become the 4th largest economy by 2050 right behind India, the United States, and China. GDP of Indonesia grew by 5.17 percent in 2018 and 49.5 percent of it was taken by food. The roadmap of Making Indonesia 4.0 was launched by Prime Minister Joko Widodo in the previous year and the F&B industry was listed in the top five sectors that will receive high priority treatment along with the automotive, textile and garments, chemicals, and electronics industries.

Muslim population stands at 2.14 billion worldwide as of 2018, Lukman stated that many opportunities are abundant in the halal industry and it is very significant in Asia as well as worldwide. Many initiatives are placed in various places for the roadmap and IFIC is well set to act as a hub for re-innovating the country’s food value chain. The IFCI wants to bridge the gap between multiple food industry organizations and the government along with training and educational agency. It is expected from the industry to be smart enough to anticipate changes in consumer demands and economic models.

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