Drug, food industry could add Rp10,000 trillion yearly: BPOM

Mataram, West Nusa Tenggara (ANTARA) - The Indonesian Food and Drug Authority (BPOM) claimed the drug and food industry could contribute around Rp10,000 trillion to the national economy each year, given the large number of businesses in the sector.
BPOM Head Taruna Ikrar, at a public lecture at the University of Mataram here on Thursday, explained that there are 45,000 large pharmaceutical and food companies in Indonesia, along with 4.2 million micro, small, and medium enterprises (MSMEs).
"Some have revenue in the hundreds of millions per year, some have profits in the hundreds of billions, and some even in the trillions to hundreds of trillions," he said.
He said that if all 4.3 million business players are combined, the Rp10,000 trillion figure is certainly not a fantasy.
Ikrar explained that BPOM is not only concerned with supervising the safety and quality of drugs and food, but also supports economic growth in Indonesia.
Processed food MSMEs currently registered with BPOM total more than 2,900 medium, 4,600 small, and 7,900 micro enterprises.
The tremendous pharmaceutical and food industry ecosystem means BPOM must speed up regulatory and licensing services to encourage businesses to increase production capacity.
"We are committed to carrying out a transformation to provide support, not only through research and development, not only through education, but also including downstreaming," Ikrar said.
He said optimizing the drug and food sector can play a role in achieving the national economic growth target of 8 percent, helping Indonesia escape the middle-income country trap and become a developed nation.
Currently, BPOM continues to speed up licensing so businesses can promptly meet regulatory requirements, market their products, and scale up from micro to small enterprises.
"Our strategy is to go out into the field to support President Prabowo Subianto and the government, in order to move from a middle-income country to a developed country," Ikrar stated.
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Translator: Sugiharto, Kenzu
Editor: Azis Kurmala
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