January 28, 2021

Investment in Indonesia's marine and fisheries industry expected to reach US$418 million in 2021

Sakti Wahyu Trenggono, Indonesia's Marine Affairs and Fisheries Minister, said investments in the country's marine and fisheries industry is expected to reach IDR 6.02 trillion (~US$418 million; IDR 10000 = US$0.70) in 2021, Antara Indonesia reported.

In a working meeting with the House of Representatives' Commission IV, Trenggono said total investments as of September 2021 is at IDR 4.39 trillion (~US$305 million) based on data by the BKPM (Investment Coordinating Board) and OJK (Financial Service Authority) and is expected to reach IDR 6.02 trillion (~US$418 million) by December 2021.

Singapore, Switzerland, India, Japan, and China, among other countries, have invested in East Java, West Java, Central Java, Jakarta, and Lampung.

The minister said Indonesian fish consumption was at 55.37 kg per capita annually.

He also said non-tax state revenue from the industry reached IDR 1.7 trillion (~US$118 million) last year. This includes IDR 708 billion (~US$49 million) from fishery resources, IDR 56.4 billion (~US$3.9 million) from the Public Service Agency, and IDR 243 billion (~US$16.9 million) from other sources.

Trenggono said the country's marine conservation area last year covered 28.4 million hectares, and to address illegal fishing, the ministry has arrested 167 illegal fishing ships in 2021.

-      Antara Indonesia