The industrial sector is the sector that currently contributes most to Indonesia's annual GDP growth.The two most important sub-sectors of industry are mining and manufacturing both being major pillars of the nation's economy since the 1970s thus being engines of economic change and development during Suharto's New Order regime.
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The JV with Mujahid Group of Industries will focus on ex-tank of palm oil products locally. The JV with MM Group of Companies is for oil refining seed crushing packing and tank terminals. The new plant and operation is based in Port Qasim Karachi. In June 2018 Apical Group acquired Kutai Refinery Nusantara (KRN) in East Kalimantan Indonesia.
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Training the country’s human resources to be better equipped for the modern manufacturing industry is crucial in unlocking Indonesia’s growth. If Indonesia wants to stand among global giants it must develop a manufacturing industry worthy of an upper-middle-income economy. Only then can it achieve what it seeks: a growth rate of 7%.
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