Kamis, Oktober 3, 2024

Government Introduced Restructuring Program Food and Beverage Industry

In bid to support contribution through the development of national economic growth, the Minister of Industry ("Minister") has decided to set a Machine Restructuring Program and/or Regulations in The Food and Beverage Industry ("Restructuring") through Regulation of the Minister of Industry No. 40 of 2024 ("Regulation 40/2024"), which has been in force in 24 September 2024.
In essence, the Restructuring program has been implemented with the following objectives: 1) Encourage the downstream of agro-based natural resources; 2) Improve the availability of raw materials or industrial auxiliary materials; 3) Assist import substitution programs to realize industrial structure strengthening or independence; and 4) Increase competitiveness using the latest technology to increase productivity, energy efficiency, and environmental friendliness.
The list of industries is comprehensively set out under Appendix Regulation 40/2024 and broadly includes the following data: 1) Food industry: 10 types; 2) Beverage industry: 4 types; and 3) Machine industry: 14 types.
At its core, the Restructuring program will be implemented in the form of providing discounts in the form of providing discounts in the form of covering part of the costs of purchasing machinery and/or equipment. Furthermore, the reimbursement of the purchase price of the Restructuring shall be given at the most: 1) 35% of the purchase price of domestically produced domestic production machinery and/or equipment is equipped with the achievement of the domestic component level of at least 25% and still valid; 2) 25% of the purchase price of machinery and/or equipment produced domestically; or 3) 15% of the purchase price of machinery and/or equipment that are and/or equipment that is not produced in the domestic.
It should be noted that the Director General monitors and evaluates the implementation of the Restructuring program.

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*Syarat dan ketentuan berlaku

In bid to support contribution through the development of national economic growth, the Minister of Industry ("Minister") has decided to set a Machine Restructuring Program and/or Regulations in The Food and Beverage Industry ("Restructuring") through Regulation of the Minister of Industry No. 40 of 2024 ("Regulation 40/2024"), which has been in force in 24 September 2024.
In essence, the Restructuring program has been implemented with the following objectives: 1) Encourage the downstream of agro-based natural resources; 2) Improve the availability of raw materials or industrial auxiliary materials; 3) Assist import substitution programs to realize industrial structure strengthening or independence; and 4) Increase competitiveness using the latest technology to increase productivity, energy efficiency, and environmental friendliness.
The list of industries is comprehensively set out under Appendix Regulation 40/2024 and broadly includes the following data: 1) Food industry: 10 types; 2) Beverage industry: 4 types; and 3) Machine industry: 14 types.
At its core, the Restructuring program will be implemented in the form of providing discounts in the form of providing discounts in the form of covering part of the costs of purchasing machinery and/or equipment. Furthermore, the reimbursement of the purchase price of the Restructuring shall be given at the most: 1) 35% of the purchase price of domestically produced domestic production machinery and/or equipment is equipped with the achievement of the domestic component level of at least 25% and still valid; 2) 25% of the purchase price of machinery and/or equipment produced domestically; or 3) 15% of the purchase price of machinery and/or equipment that are and/or equipment that is not produced in the domestic.
It should be noted that the Director General monitors and evaluates the implementation of the Restructuring program.

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