By: Nur Meilani)*
President Prabowo Subianto has officially launched the Daya Anagata Nusantara Investment Management Agency (Danantara), Indonesia’s second sovereign wealth fund, mandated to manage SOE assets worth approximately US$900 billion or around Rp14–15 thousand trillion. Danantara is supported as a strategic instrument to strengthen the national economy through long-term investments in priority sectors such as renewable energy, industrial downstreaming, advanced manufacturing, and food security.
Director General of Housing and Settlement Areas (PKP), Sri Haryati, emphasized that this investment is good news for the Indonesian people, and the PKP Ministry’s Technical Team is currently discussing further details regarding the funding scheme from Danantara. The presence of Danantara is expected to act as a catalyst for economic growth with an ambitious target of up to 8% annual growth, thanks to investment transfers to strategic sectors like renewable energy, industrial downstreaming, high-tech manufacturing, and food resilience. Danantara is considered to have great potential in accelerating economic growth, improving welfare, and paving the way toward a self-reliant Indonesia.
The government’s seriousness in implementing Danantara can be seen in the synergy between strategic financing and tangible programs, with an investment commitment of Rp130 trillion to support the 3 Million Houses Program. Minister of Housing and Settlement Areas, Maruarar Sirait, also stated that Danantara is fully prepared to support the public housing sector. He mentioned that the funding support would reach around Rp130 trillion and that technical coordination would be carried out with various parties including state-owned banks, private sector, and even Bank Central Asia (BCA) to strengthen the 3 Million Houses Program.
Danantara also helps expand access to People’s Business Credit (KUR) and inclusive financing in the public housing sector, serving as proof of the government’s commitment to being present in people’s lives—not just in slogans. Speaker of the House of Representatives (DPR RI), Puan Maharani, expressed that Danantara is expected to drive the national economy and improve public welfare. She affirmed that the establishment of Danantara aligns with existing laws and government regulations on state asset management.
Furthermore, professionalism and transparency are core pillars. The government stresses that Danantara can be audited at any time by oversight institutions such as the Corruption Eradication Commission (KPK), the Audit Board of Indonesia (BPK), and external parties, with performance reports publicly accessible. Efficiency and long-term investment are also carried out using funds redirected from state budget efficiency (Rp308 trillion) into Danantara to finance around 20 large-scale national projects, including coal-fired power plants (PLTU), downstream industries, data centers, aquaculture, and renewable energy. This strategy marks a fiscal transformation from consumption to productivity.
Danantara could also become a driving factor for both domestic and global investment, beginning with US$11–15 billion in domestic investments in the first year, in cooperation with global investors in sectors such as electric vehicles, batteries, blood plasma, and data centers. This enhances national competitiveness and brings international capital into the country. President Prabowo Subianto later stated that with the presence of Danantara, Indonesia can stand shoulder to shoulder with developed nations, demonstrating national independence in sustainably managing its assets. This proves that Danantara is a tangible embodiment of the spirit of “Indonesia’s economic self-reliance.”
In its implementation, the government has established serious oversight mechanisms involving external institutions, independent figures, and periodic audits. Danantara CEO, Rosan Roeslani, publicly ensured the involvement of KPK and BPK as required by the DPR, with a public accountability system as the foundation of governance. President Prabowo also stated that the establishment of Danantara is part of an effective bureaucratic reform free from corruption. Hence, Danantara will have a real impact on the people and the Indonesian economy.
With its investment focus on strategic sectors, Danantara can produce several tangible impacts such as job creation through large-scale projects like mining downstreaming, clean energy, and digital technology; food and energy security through investments in strategic products needed by the nation; domestic industrial growth, especially high-tech manufacturing supporting local value-added products; and the optimization of SOE assets, which in the long run increases efficiency and profitability, allowing state budget funds to be reallocated to social sectors.
Considering the long-term benefits, professionalism, and transparent management, supporting the government’s policy in establishing Danantara is a rational and patriotic step. This institution opens up opportunities for a major transformation of the Indonesian economy toward inclusive growth and true economic independence. Although there are some challenges, this policy remains aligned with the vision of inclusive and sustainable national development. If implemented with proper governance, Danantara has the potential to become a historical milestone in Indonesia’s development, making the nation more self-reliant, prosperous, and respected on the global stage. Therefore, the public must believe that the Danantara policy deserves support as a strategic and tangible step toward a more advanced and economically empowered Indonesia.
*) The author is a Public Policy Analyst.
