Jakarta — Indonesia is entering a new chapter in its national economic development with the launch of Danantara, a strategic investment entity that is being hailed as a game changer in the country’s pursuit of inclusive and sustainable economic growth. This was conveyed by economist Fithra Faisal Hastiadi during a live interactive dialogue titled “Danantara for a Bright Indonesia”, broadcast on Elshinta Radio.
“Danantara holds immense potential to propel Indonesia to greater heights. But the foundation must be solid. Governance is the key—it’s non-negotiable. The market sees this as the main indicator of success,” Fithra emphasized.
The government has set an ambitious but achievable economic growth target of 8%. According to Fithra’s analysis, achieving this requires around IDR 10 trillion in investment across six strategic sectors: energy, information and communication technology (ICT), transportation, housing, water sanitation, and water resources.
“An 8% target is not a dream. Theoretically, it is attainable if we can channel investment into the right sectors with the right governance. Danantara is the vehicle that can take us there,” said Fithra optimistically.
More than just an investment institution, Danantara also plays a developmental role similar to that of a development bank. With a clear vision, it is expected to accelerate investments in strategic sectors that directly address the needs of the people and enhance national competitiveness.
One study presented to Bappenas highlights a massive investment projection across the six priority sectors. The energy sector, including renewables, alone requires around IDR 1,000 trillion out of a total estimated need of IDR 3,600 trillion. The ICT sector needs up to IDR 1,800 trillion. Transportation, housing, sanitation, and water resources are also critical pillars of Indonesia’s future development.
However, Fithra stressed the importance of balancing economic missions with social impact.
“Danantara must learn from the experience of state-owned construction enterprises (BUMN Karya), which built a lot of infrastructure but ended up in financial distress. Building without incurring losses is the real challenge,” he explained.
Interestingly, labor-intensive sectors like waste management are also gaining attention. Fithra considers this sector highly strategic—not only for job creation but also for tackling environmental issues. He praised the experience of Danantara’s CIO, Mr. Pandu, who previously managed this sector successfully in Singapore. This sends a strong signal that Danantara is not merely chasing profits but is committed to inclusive and equitable development.
With a spirit of synergy and a long-term vision, Danantara represents more than just hope—it is a symbol of Indonesia’s resurgence toward a brighter future. It is time for Indonesia to move forward with the right investments, strong governance, and the courage to transform.
