JAKARTA. The government has earmarked Rp 579.42 billion (US$44.81 million) in subsidies to be given to certain domestic manufacturers to assist them importing 18 categories of raw materials, an official says. “The policy is aimed at boosting the domestic industry’s efficiency and competitiveness to meet growing local demand,” said Heru Pambudi, director of revenue and regulations at the Finance Ministry’s directorate general of customs and excise. According to Heru, the categories include downstream chemical goods, resin goods, carpets and tapestries, bicycles, stationery, intravenous therapy equipment, large instruments, hospital instruments, motor vehicles, agricultural equipment, ship repair tools and parts, cacao, fodder, electronic components, optical fiber cables, steam turbine power plants and smart cards.
Govt lends hand to domestic manufatures
JAKARTA. The government has earmarked Rp 579.42 billion (US$44.81 million) in subsidies to be given to certain domestic manufacturers to assist them importing 18 categories of raw materials, an official says. “The policy is aimed at boosting the domestic industry’s efficiency and competitiveness to meet growing local demand,” said Heru Pambudi, director of revenue and regulations at the Finance Ministry’s directorate general of customs and excise. According to Heru, the categories include downstream chemical goods, resin goods, carpets and tapestries, bicycles, stationery, intravenous therapy equipment, large instruments, hospital instruments, motor vehicles, agricultural equipment, ship repair tools and parts, cacao, fodder, electronic components, optical fiber cables, steam turbine power plants and smart cards.