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Indonesia eager to become production base for ASEAN: minister

English.news.cn   2012-11-30 18:51:45            

JAKARTA, Nov. 30 (Xinhua) -- Indonesia poised to become a base for producers to meet the needs of markets in other ASEAN countries as it has everything to facilitate manufacturers, Indonesian Coordinating Economy Minister Hatta Radjasa said here on Friday.

The eagerness might come in place with the implementation of the ASEAN Economic Community (AEC) regime in 2015, the minister said.

"What we want is not only fulfilling market in the AEC by 2015, but also markets beyond ASEAN," Hatta told reporters in his office here.

The minister said that Indonesia has enormous competitive resources that can be offered to investors, which makes the largest economy in the region fit to become a base for those producers.

Among the competitive offers are the enormous natural resources, productive human resources and the rapid growth of new middle class consumers in the country.

Briefly explaining the country's demography, Hatta said that in 2030 Indonesia's population is estimated to reach 280 million, including 135 million new middle class people, if the growth remains steadily above 6 percent.

"If the growth is steadily above 6 percent, there will be 90 million more in middle class society by 2030, or 135 million from 45 million at present. Besides that, we have enormous people in productive age and abundant natural resources that other countries are hardly compared with," he said.

To reach the expectation, Hatta said that construction for more infrastructure and connectivity is an essential task and should be conducted swiftly.

He said that Indonesia has been making enormous efforts to develop infrastructure across the country in the last three years.

"The government is expecting to complete 500 trillion rupiah ( about 52 billion U.S. dollars) worth of infrastructure projects carried out under MP3EI this year," Hatta told Xinhua on the sidelines of the session.

MP3EI refers to the government's grand master plan program that started last year with an aimed to accelerate the development of massive infrastructure projects to facilitate investors.

Editor: znz
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