The Innoprom 2026 international industrial exhibition held in Yekaterinburg, Russia, in early July marked a strategic milestone for Indonesia in strengthening its economic diplomacy. Acting as the official partner country, Indonesia officially shifted its partnership orientation with the Eurasian region—transforming from a focus solely on commodity trade to a comprehensive industrial collaboration encompassing investment, downstreaming, and technology transfer.
During the forum, the Ministry of Industry introduced the New Strategy for National Industrialization (SBIN) as a long-term policy compass. Its main focus is to strengthen value-added manufacturing, accelerate technology adoption through the Making Indonesia 4.0 roadmap, and build a competitive green industrial ecosystem. The government emphasized that Indonesia is no longer just a market of 280 million people, but a regional production base integrated with the ASEAN market.
The tangible results of this diplomacy were evident in the signing of 13 memorandums of understanding (MoUs) covering the automotive, metallurgy, chemical industry, and industrial zone development sectors. Not stopping at the government level, this collaboration also involves industry associations and national industrial zone operators, such as the Batang Integrated Industrial Zone and Kendal Industrial Park, to attract potential investors with more mature and integrated facility offers.
This strategic move also targets Central Asian countries, with Kazakhstan and Armenia projected as primary gateways to the Eurasian Economic Union (EAEU) market. Minister of Industry Agus Gumiwang Kartasasmita stated that the high enthusiasm of Eurasian industrial players demonstrates confidence in the competitiveness of Indonesia's manufacturing sector. Now, the government's focus shifts to the execution phase to ensure all these investment commitments are swiftly realized into actual factories, jobs, and technology transfer.
