F&B investment records Rp 37.3t in first semester: Gapmmi
Jakarta (31/07) - The Indonesian Food and Beverage Producers Association (Gapmmi) has recorded a Rp 37.3 trillion (US$2.8 billion) first semester investment in the food and beverage (F&B) industry. The association's records also showed that local investors contributed Rp 21.6 trillion to total investment, while foreign investors contributed Rp 15.7 trillion. Investment in the first semester had sent a positive signal, said Gapmmi chairman Adhi S. Lukman in Jakarta on Sunday. “The achievement shows that businesspeople still see Indonesia as a potential market,” he said, as quoted by kontan.co.id.
The F&B industry saw total investment of Rp 67 trillion in 2016 and Rp 43 trillion in 2015. Gapmmi has estimated a total investment of Rp 70 trillion in 2017. Business players considered the huge population and changing local lifestyles as indications of great potential for the industry in this country, Adhi said. Adhi agreed, however, that consumer purchasing power had not yet recovered, as lower-middle income citizens were trying to manage their stagnant incomes, while the upper-middle class were worrying over the unstable business condition.