The Ministry of Industry is actively introducing the capabilities of the domestic industry at various international events. The goals include expanding market access, opening up opportunities for cooperation, and attracting investment. This effort, for example, is through facilitating six national wire and cable industries to participate in the 2024 Wire and Cable Show Vietnam exhibition in Hanoi, on November 20-22, 2024.
“This exhibition is an important event for Indonesia to promote the domestic wire and cable industry which already has a high Domestic Component Level (TKDN) so that it can open up opportunities for market access and involvement in the global supply chain,” said the Director of the Metal Industry, Directorate General of Metal, Machinery, Transportation Equipment and Electronics (ILMATE) of the Ministry of Industry, Rizky Aditya Wijaya in his official statement, written Wednesday (11/27/2024).
Based on records from the Indonesian Cable Manufacturers Association (Apkabel), the capabilities and capacity of the fiber optic cable industry in Indonesia are already qualified and have been able to produce all types of fiber optic cables from small to large sizes. Whether it is for indoor, air and ground use, or duct, as well as submarine cables.
Currently, the total production capacity of the fiber optic cable industry reaches 15 million ScKm (Kmfiber). All fiber optic cable processes including coloring, tubing, stranding, armoring, and sheathing or jacketing can be done 100 percent domestically. The Director of Metal Industry explained that the cable industry sector as one of the downstream products of copper is a sector that must continue to be developed to support copper downstreaming. This is in line with the Asta Cita of President Prabowo Subianto’s Government, one of the points of which is to continue downstreaming and industrialization to increase domestic added value.
The 2024 Vietnam Wire and Cable Show as one of the largest wire and cable industry exhibitions in Vietnam provides an exhibition space of almost 3,500 m2 and displays around 132 booths with 92 exhibitors. Wire and Cable Show Vietnam 2024 is a combination of industry business exhibition and forum, R&D, manufacturing design, application development, and global supply chain connectivity.
During the exhibition, Indonesian industries also obtained several potential buyers in Vietnam for several products, such as flame retardant cables, photovoltaic cables, and fiber optic cables. Indonesia’s participation in the Wire and Cable Show Vietnam 2024 is also expected to attract new consumers for domestic manufacturers, especially the cable industry, so as to expand market access and penetrate the global supply chain.
November 27, 2024, detikFinance(https://finance.detik.com/industri/d-7658574/eksis-di-vietnam-industri-kabel-ri-siap-tembus-pasar-global)