Inaugurating the UMKM EXPO(RT) BRILIANPRENEUR 2023, President Joko Widodo Applauds BRI's Support in Advancing MSMEs

Rhea-AI Summary

Bank Rakyat Indonesia (BRI) hosted the UMKM EXPO BRILIANPRENEUR 2023, graced by Indonesian President Joko Widodo, to connect 700 MSMEs with international buyers, marking the bank's 128th anniversary. Business agreements have grown from US$33.5 million in 2019 to US$76.7 million in 2022, with a target of US$80 million in 2023.

Positive

• UMKM EXPO BRILIANPRENEUR 2023 marks BRI's commitment to empowering Indonesian MSMEs
• BRI's UMKM EXPO has shown remarkable growth in business agreements over the years, with a target of US$80 million in 2023

Negative

• None.

JAKARTA, Indonesia, Dec. 8, 2023 /PRNewswire/ -- Indonesian President, Joko Widodo, graced the inauguration of BRI's UMKM EXPO(RT) BRILIANPRENEUR 2023, held at the Jakarta Convention Center (JCC) on December 7, 2023. This event, also part of the bank's 128th anniversary celebrations, served as a platform for Indonesian MSMEs to engage with international buyers, and nurturing MSME growth. Under the theme "Crafting Global Connection," 700 MSMEs participated in the three-day event, marking the prestigious 5th edition of this expo.

The President commended BRI's commitment to empowering Indonesian MSME saying, "Our MSMEs must continue to elevate their status, to Go Digital, Go International, and dominate our local market because our market is tremendously large, but also without neglecting the export and global markets."

Minister of State-Owned Enterprises, Erick Thohir, also praised BRI's programs, highlighting the success of initiatives like this event in stimulating the economy, stating "This is an economic cornerstone. With BRI's support, MSMEs displaying strong performance reflect positively on real business activities within society, fostering economic growth. Additionally, BRI exhibits commendable banking performance."

BRI's President Director, Sunarso, underscored the institution's responsibility in advancing Indonesian MSMEs. "BRI sees significant opportunities for Indonesian products in the global market. Our nation's creations are deemed competitive in quality compared to products from other countries, and the agreements' value through BRI UMKM EXPO(RT) BRILIANPRENEUR's business matching continues to rise annually."

Over the years, the expo's business agreements have shown remarkable growth: from US$33.5 million in 2019 to US$57.5 million in 2020, escalating further to US$72.1 million in 2021 and reaching US$76.7 million in 2022. This year's target is to secure contracts totaling US$80 million.

Featuring 700 curated MSMEs from across the country in five categories: Home Decor & Craft, Food & Beverage, Accessories & Beauty, Fashion & Textiles, and Healthcare/Wellness. The BRI UMKM EXPO(RT) BRILIANPRENEUR 2023 endeavors to connect Indonesian MSMEs with global markets, nurturing their expansion and bolstering national exports. It underscores BRI's commitment to elevating MSMEs and showcasing the competitiveness of Indonesian products on the global stage.

To support the empowerment of Indonesian MSMEs, visit the ongoing exhibition until December 10. For comprehensive information about the exhibition, MSMEs, or to register as a buyer, please visit: www.brilianpreneur.com .

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SOURCE Bank Rakyat Indonesia

FAQ

What is the name of the event hosted by Bank Rakyat Indonesia (BRI) in 2023?

The event hosted by Bank Rakyat Indonesia (BRI) in 2023 is UMKM EXPO BRILIANPRENEUR 2023.

Who graced the inauguration of UMKM EXPO BRILIANPRENEUR 2023?

Indonesian President Joko Widodo graced the inauguration of UMKM EXPO BRILIANPRENEUR 2023.

How many MSMEs participated in the UMKM EXPO BRILIANPRENEUR 2023?

700 MSMEs participated in the UMKM EXPO BRILIANPRENEUR 2023.

What was the total value of business agreements in the UMKM EXPO BRILIANPRENEUR from 2019 to 2022?

The total value of business agreements grew from US$33.5 million in 2019 to US$76.7 million in 2022.

What is the target for business agreements in the UMKM EXPO BRILIANPRENEUR 2023?

The target for business agreements in the UMKM EXPO BRILIANPRENEUR 2023 is US$80 million.