Business · Companies · 5 hrs ago

Rosan says Indonesia should have fewer UMKMs as businesses grow

Rosan says Indonesia should have fewer UMKMs as businesses grow

Investment Minister Rosan Roeslani wants Indonesia’s UMKM numbers to fall because he wants more small businesses to grow into larger ones.

UMKM is Indonesia’s category for micro, small and medium-sized businesses.

He made the case at a Kadin Indonesia meeting in Jakarta, saying a high number of UMKMs alone should not be treated as a measure of business success.

Rosan said businesses should move into small, medium or large categories, rather than remain UMKMs year after year.

His ministry works with about 1,000 UMKMs across Indonesia through partnerships valued at around Rp20 trillion.

He wants larger Kadin members to help smaller businesses grow, supporting local economies across the country.

Rosan also said quality investment should build workers’ skills, transfer knowledge and technology, and create good jobs.

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What people are saying

Rosan RoeslaniInvestment and Downstreaming Minister and Danantara CEO
I want the number of UMKMs in Indonesia to keep decreasing, to become fewer. Because if they remain UMKMs, when will they move up?
via CNN Indonesia
I’m not proud if we have 60 million UMKMs, and next year 60 million again; when will they move up?
via CNN Indonesia
It is mandatory for our Kadin colleagues who are already large businesses here to help UMKMs.
via CNN Indonesia