Indonesia Incorporated: A National Awakening of Public-Private Unity

In an era of geopolitical turbulence and economic transition, Indonesia must advance not as a fragmented market, but as a unified economic force. This is the spirit of Indonesia Incorporated: a bold national alignment where the government, state-owned enterprises, the private sector, and digital innovators act in concert to realize our nation’s full potential.

This vision took powerful symbolic form recently at the KADIN Retreat held at the Magelang Military Academy, a site sacred to the formation of national discipline and unity. Led by Anindya Bakrie, Chairman of the Indonesian Chamber of Commerce and Industry, the retreat convened Indonesia’s top business leaders, young entrepreneurs, and policymakers. It was not just a leadership forum—it was a call to arms for the private sector to assume its rightful role in national development.

A Chamber of Commerce that Stands with the Republic

Under Anindya Bakrie’s stewardship, KADIN is no longer a passive institution of industry—it has become a strategic extension of the national mission. The choice of Magelang as the location was no coincidence: it is where Indonesia’s military elite are shaped, and now it is where Indonesia’s economic generals have pledged unity.

The retreat’s message was clear: we must now forge a “command economy with market discipline”, a strategic economy where the state sets the direction and the private sector powers the execution.

This is not about statism. It is about national synchronization, about acting together for energy transition, food resilience, digital sovereignty, and regional equity. And it’s already happening.

The President and the Private Sector: From Ceremonial to Structural Partnership

President Prabowo Subianto, himself a graduate of Magelang’s elite institution, has elevated the tone of government-business relations. No longer is the private sector expected to operate in isolation from policy. Instead, it is invited to the center of national transformation—as investors, as co-owners, and as co-creators.

Indonesia Incorporated reflects this evolving relationship. It means:

• SOEs and private firms co-investing in critical infrastructure,

• Tourism and agriculture projects designed for global competitiveness,

• And a shared approach to global investment promotion under one national brand.

This isn’t theory. It’s practice. And we’re backing it with serious capital, clear regulations, and now, digital tools.

Danantara: Indonesia’s New Financial Infrastructure

Among the most promising tools to emerge from this new paradigm is Danantara, a national digital platform for asset tokenization, green finance, and public-private investment integration.

Seeded with over IDR 1 trillion, and backed by leading SOEs and private investors, Danantara is more than a fintech experiment—it is a sovereign financial engine. By 2026, it aims to securitize over IDR 10 trillion in state and strategic assets, including:

• Tourism zones,

• Renewable energy concessions,

• Blue economy assets,

• And blended-finance PPPs.

Through Danantara, Public-Private Partnerships (PPP) will become transparent, secure, and investable at scale—even by retail Indonesians and global ESG funds.

KADIN’s Role: Orchestrating the Economic Forces of the Nation

KADIN’s leadership retreat in Magelang was not just a symbolic gesture. It was a demonstration of readiness. We are not just observers of national policy—we are implementers.

Whether in:

• Green industrial zones,

• Tourism value chain consolidation,

• MSME digital acceleration,

• Or inclusive trade diplomacy,

KADIN is mobilizing capital, talent, and networks—both domestically and internationally—to amplify Indonesia’s voice and value.

One Nation, One Mission

“Indonesia Incorporated” is not a slogan—it is strategy. And more than that, it is the expression of a new patriotism: one that leverages capital, technology, and collaboration to serve the Republic.

The Magelang spirit reminds us that discipline and unity are not only needed on the battlefield—they are essential on the economic front. In a fragmented world, Indonesia must be the exception: whole, confident, and coordinated.

Together, with the government as our compass and the private sector as our engine, we can shape an Indonesia that is not merely resilient—but undeniably leading.