Danantara Expected to Become a New Power of the Indonesian Economy
By: Andi Mahesa )*
The Indonesian economy is currently entering an era of transformation that is full of challenges, but also full of opportunities. With abundant natural resource potential and a large population, Indonesia has all the requirements to become a formidable economic power at the global level.
However, to realize this, Indonesia needs strategic policies that are able to manage this potential optimally. One policy that can bring the Indonesian economy in a more advanced direction is the establishment of the Daya Anagata Nusantara Investment Management Agency (Danantara), a new investment agency owned by the government.
Danantara is expected to become an institution that is able to manage state assets in a more professional and targeted manner. With the aim of optimizing state assets that have been spread across various entities, Danantara will function as a major investment vehicle to grow the Indonesian economy in the long term. This will not only support the achievement of economic targets, but also have a positive impact on the welfare of the people.
President Prabowo Subianto explained that the main purpose of establishing Danantara is to optimize the management of state assets on a larger scale and with better coordination. According to him, Danantara will be an investment management institution that is broader than the government budget. Thus, Danantara is expected to be able to encourage high, inclusive, and quality economic growth over the next five years.
As an institution that functions as a strategic investment manager, Danantara will be a catalyst that can accelerate the achievement of national economic targets. The formation of Danantara has a crucial role in consolidating state assets that are scattered and have not been optimally managed. These assets cover various strategic sectors such as energy, infrastructure, and natural resources that have so far been managed by various State-Owned Enterprises (BUMN).
With Danantara, state asset management can be carried out with a more integrated approach and based on good investment principles. Thus, not only does it improve the quality of asset management, but it also has a direct impact on the Indonesian economy in the form of growth in vital sectors. In addition to being the main driver of the economy, Danantara is also expected to provide direct benefits to the community.
Public Policy Observer from the National University (Unas), Ansori Baharudin Syah, assessed that the establishment of Danantara is a strategic step to manage state assets that have been in BUMN to be more effective and focused. Danantara will become the ‘engine’ of Indonesia’s new economic strength by maximizing the management of existing BUMN assets. These assets, which were previously scattered and not optimally managed, will now be managed by Danantara with the aim of achieving higher and more sustainable investment returns.
The profits obtained from the management and investment by Danantara will be channeled back to the welfare of the community. For example, through various programs that support the development of national development will have a direct impact on improving the quality of life of the community. Therefore, the presence of Danantara is not only to improve the country’s economy, but also to improve the welfare of the Indonesian people. Danantara is also expected to be able to become a “super investment vehicle” which is very important for the Indonesian economy.
Executive Director of the Center of Economic and Law Studies (Celios), Bhima Yudhistira, explained that with its various investment mechanisms, Danantara can encourage the acceleration of investment realization in Indonesia. With Danantara, Indonesia has an agency that can manage large-scale investments with a more systematic approach. This will facilitate investment into various strategic sectors, as well as increase Indonesia’s competitiveness in the global market.
Investments that are successfully collected and managed well by Danantara will, in turn, accelerate the process of industrialization and infrastructure development that Indonesia desperately needs to support economic growth. Along with the increase in investment coming in through Danantara, the economic sectors in Indonesia will grow more rapidly and sustainably. This will certainly make Indonesia a country with a more competitive economy in the international market.
