Indonesia Develops Blue Economy to Boost National Manufacturing Industry Growth
2021年10月14日 - 7:45PM
JCN Newswire
The Ministry of Industry (Kemenperin) is currently preparing a
long-term blue economy development plan. Blue economy is a series
of sustainable commercial activities, products, services and
investments that depend on the sea as well as impact coastal and
marine resources. The blue economy plan is co-developed with The
Spectrum Solution Group (TSSG), a boutique strategy consulting and
financial services firm headquartered in New York, N.Y.
TSSG's Edward Chang explained that the blue economy is attracting
global interest due to the impact it can have on the world economy
and presents an important opportunity that must be optimized by
Indonesia to further increase economic growth. Ocean-related and
blue economy activities have always been essential to Indonesia
environmentally, economically, and socially and are especially
important since economic growth in the country continues to be
under pressure from the COVID-19 pandemic.
"Therefore, the blue economy is a great opportunity to harvest
economic benefits and help Indonesia to develop sustainable energy
and resilient food sources. It is with these objectives in mind
that we created the concept of Indoblue: a program of initiatives,
guiding principles, and actions that will help Indonesia reimagine
its Blue Economy beyond the status quo. IndoBlue aims to transform
Indonesia's Blue Economy that results in the sustainable use of
ocean resources for economic growth, improvement of livelihoods and
ocean ecosystem health, thereby maximizing the benefits while
balancing the social, economic, and environmental factors during
the transition process," said Edward.
The blue economy can later also help the manufacturing sector to
grow to new heights, among other sectors, such as the wild
fisheries sector. This sector is the backbone of the blue economy;
it provides seven million jobs and contributes more than US$27
billion to the national economy while serving as a cornerstone of
social harmony in Indonesia's coastal areas. Yet, According to the
2017 data from the National Commission on Stock Assessments, 38% of
Indonesia's wild fisheries were overfished, and a further 44% of
stocks were fully fished.
"This depletion, along with insufficient data, and a lack of
efficient stock management mechanism is posing huge risks to the
nation's well-being," said Edward. "There are various manufacturing
industry sectors that will benefit from the development of a blue
economy in the wild fisheries sector, such as the seafood
processing and packaging industry and the wild fisheries equipment
assembly industry. With more efficient transport, storage, and
supporting infrastructure these sectors have further potential for
growth," explained Edward.
Furthermore, through the development of the blue economy, relevant
sectors in the aquaculture sector such as seaweed cultivation and
processing, fish cultivation and processing, shrimp farming and
fish farming equipment assembly are projected to grow over
250%.
Apart from wild fisheries and aquaculture, investment in the
renewable energy sector can also help the Indonesian economy become
more resilient and sustainable. "Sustainable marine energy can also
play a critical role in Indonesia's social and economic development
and its efforts in climate change mitigation by providing a source
of clean, renewable energy.
With the COVID-19 situation, the timing for pivoting to renewable
energy is perfect. As the Indonesian government invests in rescue
plans for industries, it makes sense to use this situation as the
catalyst to "build back better" by supporting the renewable energy
sector and providing incentives for foreign investors and market
participants in the traditional power generation and energy sectors
to diversify into renewable energy opportunities," said Edward.
A blue economy strategy that will increase the growth of the
manufacturing industry and thereby the national economy must be
developed immediately, and Indonesia is fully committed to
developing and achieving a sustainable blue economy. "Given all the
benefits of the blue economy, it is important for Indonesia to be
able to immediately develop a policy framework so that the
potential of the blue economy can be utilized optimally," said
Industry Minister Agus Gumiwang Kartasasmita.
Furthermore, Agus stated that the development of the blue economy
must be able to provide benefits to the small and medium industries
(SMEs) sector, given that they form the backbone of the national
economy.
In addition, a comprehensive framework is essential when reviewing
the blue economy to ensure that every action taken will provide
more benefits than harm. For this reason, partners such as TSSG are
needed to provide expertise and comprehensive experience in
formulating frameworks and strategies for developing blue
economies.
"Therefore, the Ministry of Industry is ready to cooperate with
TSSG and other parties including potential international investors
to formulate incentives and provide guarantees in developing a blue
economy in Indonesia," concluded Agus.
The Ministry of Industry (Kemenperin)
Marsela Stefanie, Media Relations, Jakarta
T: +62 819 2948-9001; E: Marselastefanie@gmail.com
Source: Indonesian Ministry of Industry (Kemenperin)
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