Join GlobalBizzNetwork and start your international business network today.
Indonesia is one of the fastest growing economies in Asia averaging about 5% annual GDP growth since 2000. The market also continues to attract a high level of FDI, receiving S$44 billion in 2017 alone. Singapore remains the largest source of investment into Indonesia.
The Indonesian government launched its Indonesia 4.0 Roadmap in April 2018, which has received significant support from President Jokowi. This is part of efforts to make Indonesia one of the top 10 largest economies in the world by 2030. They aim to increase exports to form 10% of the GDP, create 10 million new jobs and ensure inclusive growth. The roadmap focuses on the capability upgrading of five manufacturing sectors, namely F&B, automotive, electronics, chemicals, and textile and garment. This will create opportunities for companies specialising in automation, industrial IoT and system integration, as well as those offering vocational training and re-skilling services.
The interest in marine tourism is also growing, given that Indonesia is an archipelago of over 17,000 islands. This makes it an attractive destination for marine tourism, bringing opportunities in cruise lines, ferries, marinas and landside hotels and attractions. This fits into Indonesia’s goal of attracting 20 million tourists to Indonesia by end 2019
Business opportunities in Indonesia
A lot of people from Europe, America and other continents source for their furniture from Indonesia. You could start a furniture making factory which you would export to other countries for sale. You can also start a furniture remodeling business which involves getting broken or old furniture and remodeling them for sale.
A lot of expatriates, visitors and business tourists visit Indonesian regularly. This leaves enough room for people who want to invest in the tourism industry to make money. You can make money from starting your own hotel to provide accommodation to visitors or start an online hotel marketing service where people can book for hotels prior their visit to Indonesia.
Beef Processing and Packaging
Another business idea that would definitely fly is to start your own meat processing and packaging business. You can start cattle rearing farm and then package and process meat from the proceeds of your far.
You can also make money from linking buyers and sellers together. For instance, a lot of people want to source for items from Indonesia but because they have never been there, they won’t know where to find what. You can helps such people find items easily using the internet, and earn finders commission for your services.
App developers are raking in good cash these days. You can become a mobile phone app developer or a software developer. You don’t necessarily have to be a tech expert to develop apps, what you need is a solid idea and then you can hire tech experts to develop the idea for you.
Internet Service Provider
Another business idea you could consider is becoming an ISP provider. Reliable and fast internet is as important in Indonesia as it is in other parts of the world and considering the number of people using phones and technology gadgets in Indonesia, you would make a lot of money.
Another business idea is to start a dress making business. You could start a clothing line or just make local Indonesian dresses like Kaftans which you can sell to people from other parts of the world.
Tax is one thing that gives a lot of business owner’s headache. A lot of people don’t mind outsourcing their tax computation tasks to experts who would not only handle it for them but also advice them on ways to reduce their taxes. You can start one of such businesses without too much capital.
Another business idea is to offer support to countless number of people who wish to visit Indonesia for business or pleasure. You can become a tour guide; offering assistance to tourists or you can start an online consultancy firm which you could also use to offer visa assistance, airport pick-up and drop-off, hotel booking, business tour guide and a host of other services.
Another idea is to become a business consultant. There are lots of people out there who could use some business advice and guidance. It would interest you to know that many people rely on business consultants to develop business strategies for them, which they could use to propel their business to the next level. The good thing about being a business consultant is that it’s an interesting business and while developing solutions and strategies for other people’s businesses, you would also be developing more skills that would be useful for you.