There has been discussion on incentive schemes for potential investors in Nusantara including those related to ease of doing business and permit issuance.
The central bank said it targets up to 45 million small and medium enterprises (SMEs) to use the Quick Response Code Indonesian Standard, or QRIS, by 2023.
Inviting more investment into the country and kicking off labor intensive projects are among the governments priorities.
President Joko Widodo had conveyed directions regarding the acceleration of the digital transformation of Indonesian MSMEs.
Ministry will focus on the development of MSMEs.
"This is very small when compared to Singapore, which has established MSMEs that reached 8.76 percent, with the population at less than 5 million people," Minister Teten Masduki stated
During the event, all sellers will use the Quick Response Code Indonesian Standard, or QRIS, for payment.
The creative hub is expected to become a center that will provide a wide range of services needed by industry players.
INACRAFT 2022 opens on March 23-27 at Balai Sidang Senayan in Central Jakarta, and its the first edition to be held after a two-year hiatus due to COVID-19 pandemic.
Bintang Puspayoga said the government is giving full attention to women-led SMEs, especially during the ongoing COVID-19 pandemic, where there are more challenges for business to survive.
LandX currently has more than 73,042 investors and 27 companies registered in the platform.
Daily transaction made by SMEs increased by up to 70 percent in 2021.
