Indonesian Government Encourages MSMEs to Welcome Digital Transformation
Thursday, 28-October-2021 20:00
JAKARTA, NETRALNEWS.COM - Indonesian Minister of Cooperatives and Micro, Small and Medium Enterprises (MSME) Teten Masduki says the government continues to invite MSME players to welcome digital transformation fully in the face of adversity, such as the COVID-19 pandemic.
"Connecting to the digital ecosystem will enable MSMEs not only survive, but also thrive and contribute to the national economy," Teten said on Thursday (10/28/2021) at the 2021 online Millennial-Owned Enterprises Festival.
The contribution of the MSME sector to the national GDP is 61 percent. In Indonesia, MSMEs employ 97 percent of the workforce.MSMEs, as the backbone of the Indonesian economy, play a vital strategic role.
"As a result, I encourage all MSMEs to keep innovating and be hopeful in the face of the pandemic," the minister said.
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Teten, who was a former Presidential Chief of Staff (KSP) before appointed as Cooperatives and MSME Minister, said the COVID-19 pandemic had hastened digital disruption and spurred a variety of ideas and technology solutions to meet people's requirements.
Indonesia's digital economy has also showed a favorable trend throughout the pandemic, with income reaching US$ 44 billion, or IDR 640 trillion.In 2025, the figure is expected to rise to US$ 124 million, or IDR 1,700 trillion.
As a result, Tetenhas continued to encourage MSMEs to embrace digital transformation in order to improve their products and contribute to the Indonesian economy.
He asserted that "digital transformation is the key to rebuilding and renewing the MSME sector."
The Cooperatives and MSME Minister had previously stated that Indonesia had 15.9 million MSMEs connected to the digital ecosystem.
By 2024, 30 million MSME players are expected to be connected to the digital ecosystem, according to Indonesian President Joko Widodo's directives, as reported by Antara.
Reporter : turkhan
Editor : turkhan