So far, Widodo, a former furniture exporter, has little to show for his push toward manufacturing. It was the latest policy move to improve competitiveness and stimulate growth in Southeast Asia’s largest economy, which last year expanded by 4.8 percent, the slowest since 2009 and well below a 7 percent target.
In pursuit of that goal, Widodo last week liberalized dozens of sectors of the economy in what one minister called the biggest opening to foreign investors for 10 years. The plant, a small repair shop 30 years ago but now covering the area of six soccer fields, is a rare manufacturing success that Indonesian President Joko Widodo needs more of, as he tries to spur economic growth in the resource-rich archipelago amid tumbling commodity prices. An aerial view of workers at PT Trisula Garmindo Manufacturing in Bandung, West Java province, in this Septemfile photo.
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