International Farming Technology Expo is the first major event in Indonesia that focuses on farming and agriculture industry. This event will become the cornerstone for Indonesia in realizing the vision to focus on farming and agriculture as one of the key economic driver.
Given its stance, the development in Indonesia will become the cornerstone for Southeast Asia region in boosting the farming and agriculture industry. The country holds the stature as the prime producer of palm oil and a leading global producer of cocoa, rubber and coffee.
The huge potencies of Indonesia are be the biggest point that attract organizations to showcase their best capabilities in agricultural machinery & equipment, farming technology, farming management & services as well as food processing technology & equipment. Lots of visitors will come from various background ranging from agent & distributor, end-consumers, farm contractors, food & beverages industry, food companies and many others.
There will be lots of opportunities for all parties to utilize in this event. Key players will be able to convene and generates new ideas to boost production rate and increase production quality. This event is the perfect chance to stand out in the upcoming era of farming and agriculture industry in the region.
Foreign Direct Investment & Gross Domestic Product – Going Strong
- Net foreign direct and portfolio investment into Indonesia totaled US$23.2 billion in 2013, according to official balance of payments (BOP) data.
- The country’s Gross Domestic Product reached US$868.3 billion as of 2013, increasing by 6.15% for the past three years since 2010.
- In 2012, agribusiness sector contributed 23.44% of Indonesia’s total GDP. The plantation sub-sector (food crops, plantation crops and others) is the largest contributor at 77%.
Agricultural Industry – Positive Outlook
- The seventh President Joko “Jokowi” Widodo has made a clear statement as quoted from Tempo, stating that “Farming and agriculture, along with the energy, are what drive our economy. These have become our focus.”
- Currently, Indonesia is considered to be the world’s largest producer of palm oil and a leading global producer of cocoa, rubber and coffee.
- With a population of around 240 million, as the fourth most populated country in the world, Indonesia has a growing demand for food consumption with growing population likely to reach 280 million by 2030.
Consumption Pattern – Growing for Quality
- Indonesia is considered to be the world’s fastest growing consumer market after India and China. GDP reached US$1.2 trillion in 2012 and is growing steadily at around 6% annually.