Positive Impact of Collaboration Between BUMN and Private Sector
Collaboration between State-Owned Enterprises (BUMN) and the private sector plays an important role in driving economic growth and sustainable development. This collaboration has had a number of significant positive impacts, including increased investment, job creation, increased exports and infrastructure development.
Collaboration between BUMN and the private sector opens up opportunities to increase investment in large projects, including infrastructure, logistics, industry and other sectors. The synergy between private capital and expertise with government support through BUMN creates a more conducive investment climate.
This increased capital flow has a direct impact on the economy, strengthening strategic sectors and increasing national competitiveness. With greater investment, economic growth can be driven more quickly, opening up opportunities for various sectors to develop.
One of the most direct and felt impacts of this collaboration is job creation. Large projects involving state-owned companies and the private sector often require significant workforce.
Thus, this collaboration can help reduce unemployment rates and increase household income. Increased income will have a positive impact on domestic consumption, which will ultimately drive the wheels of the country’s economy.
Thus, this collaboration not only provides benefits for workers, but also for the economy as a whole.
Collaboration between BUMN and the private sector can help increase the production of goods and services that can be exported to international markets. Through this synergy, companies can take advantage of their respective advantages to optimize production and distribution processes.
As a result, the products produced have higher competitiveness in the global market. This increase in exports will generate additional foreign exchange for the country, strengthen the trade balance position, and support economic stability.
Apart from that, increasing exports also helps expand the market for local products, which in turn will support domestic industry.
Infrastructure development is one area where collaboration between BUMN and the private sector is very crucial. Adequate infrastructure, such as roads, airports, ports, and others, is the foundation for sustainable economic growth.
This collaboration enables accelerated infrastructure development by utilizing the resources and expertise of both parties. With better infrastructure, accessibility and connectivity between regions can be improved, opening the door to more intensive and inclusive economic activity.
Source: Bappenas
