Minister Maru added, “While Indonesia has traditionally relied on imports of manufactured items, advanced technology, and technical skills, it has efficiently transitioned from a major sector financial system to at least one focused on secondary and tertiary industries. “Downstream processing has been extremely successful in Indonesia, creating 1000’s of jobs, transferring higher-value abilities, and introducing advanced technological processes. The nickel SEZ at Weda Bay alone created 80,000 direct jobs and 12,000 oblique Business News jobs—more jobs than PNG’s whole mining and petroleum industries combined. In 2022, investment in downstream mining surged to virtually US$9.2 billion, in comparability with US$4.1 billion in 2019,” Maru famous, emphasising the numerous role these investments have performed in Indonesia’s mining industry. The Indonesian Government has really helpful that PNG undertake an analogous method and implement a ban on raw materials exports.
