By: Rahmat Hidayat
The Investment Management Agency of Daya Anagata Nusantara (BPI Danantara) stresses the importance of consolidating State-Owned Enterprises (SOEs) as a strategic step to enhance efficiency and strengthen global competitiveness. This move reflects the government’s grand vision to develop SOEs not only as drivers of domestic development but also as key players in international markets. Amid intense global competition, SOEs must transform from separate entities into an integrated force that is synergistic, effective, and adaptive to current challenges. The consolidation led by Danantara answers this urgent need.
Consolidation is not merely about merging assets or companies but is a strategic effort to streamline governance, strengthen capital, and create operational efficiencies. Through consolidation, business overlaps can be reduced, production costs lowered, and business focus sharpened. This will positively impact not only SOE financial performance but also their contribution to national economic growth. Danantara understands that in the global competition era, scale and efficiency are critical factors determining corporate success. The more efficient and stronger SOEs are, the greater Indonesia’s chances of asserting its economic influence worldwide.
Danantara Indonesia’s Chief Operating Officer (COO), Dony Oskaria, stated that the primary focus of this consolidation is to return each SOE to its core business. This strategic move aims to improve efficiency and competitiveness. The consolidation is expected to act as a catalyst to strengthen overall SOE performance while increasing dividend contributions to the state.
Furthermore, the consolidation seeks to elevate SOEs to stand on equal footing with multinational companies. Historically, some SOEs have faced limitations in access to capital, technology, and international networks. By uniting strengths, SOEs will have greater financial capacity, the ability to invest in research, and opportunities to expand markets globally.
Danantara’s consolidation effort also embraces sustainability. In the green economy era, companies are expected not only to pursue profits but also to pay attention to environmental and social aspects. With a more efficient structure, SOEs can allocate resources more optimally for investments in renewable energy, environmentally friendly technologies, and social responsibility programs with broad societal impact. Strong synergy will open the way for SOEs to contribute to sustainable development agendas at both national and global levels.
Moreover, the SOE consolidation through Danantara will enhance Indonesia’s position as a country with high investment appeal. Global investors tend to value consistency, efficiency, and good corporate governance as primary factors for investing. With the establishment of more solid and professional SOEs, investor confidence in Indonesia’s economy will rise. This will ultimately increase foreign direct investment inflows, leading to job creation, increased production capacity, and technology transfer to the domestic market.
Meanwhile, the Chairman of the Board of Commissioners of the Financial Services Authority (DK OJK), Mahendra Siregar, expressed full support for the consolidation of SOE companies. He noted that with this merger, SOE competitiveness will strengthen as their numbers decrease but their business coverage expands.
It is undeniable that consolidation is also a means to enhance human resource (HR) capabilities within SOEs. With mergers, there is room for knowledge exchange, experience sharing, and the cultivation of a more professional work culture. SOE personnel will be encouraged to upgrade competencies, adapt to new technologies, and develop a competitive mentality aligned with global standards. Danantara prioritizes HR strengthening because human capital is the most valuable asset in achieving sustainable competitiveness.
Beyond that, SOE consolidation will clarify Indonesia’s role in global supply chains. As a country rich in natural resources with a large domestic market, Indonesia has the potential to become both a production hub and a strategic global market. Through integrated SOEs, Indonesia can optimize this potential by increasing product value-added, expanding trade networks, and strengthening economic diplomacy.
Danantara’s initiative deserves appreciation as a courageous step toward fundamental transformation within SOEs. Increasingly complex global challenges demand bold strategies that cannot be met with conventional approaches. Consolidation is a comprehensive effort to create SOEs that are leaner, more agile, yet resilient in facing competition. With appropriate regulatory support, management commitment, and public trust, this consolidation will lay a strong foundation for Indonesia’s economic resurgence.
Ultimately, Danantara is not just managing assets but managing the nation’s future. The SOE consolidation it initiates is not merely for short-term financial gains but for efficiency, global competitiveness, and sustainable national economy. This is the grand strategy that will lead Indonesia toward economic independence and a respected position on the world stage.