Downstreaming is Endless
Comfort tends to procrastinate. This maxim can also be seen in commodities that for years are sold just the way they are in the form of raw materials.
In order to support the downstream copper policy, PT Freeport Indonesia (PTFI) built a copper smelter in the Java Integrated Industrial Special Economic Zone (SEZ) and Industrial Port Estate (JIIPE) in Manyar District, Gresik, East Java, Tuesday (7/2/2023).
Revenues can be made in a short time, especially when commodity prices soar, thereby making one complacent. Now, efforts to get added value to the downstream are slowly realized. It is time to realize a plan that has been echoed years ago.
President Joko “Jokowi” Widodo, at an event held by the Indonesian Economist Association, said the national economy had been in transition from the consumption economy to the production economy. Economic growth based on raw commodities must be abandoned to switch to industrialization and downstreaming (Kompas, 10 July 2015).