Indonesian retailers plan further expansion, demonstrating their confidence of the trading prospects in the country.

One of the most confident retailers is Indomarco, controlled by Salim Group through Indoritel Makmur Internasional, the operator of Indomaret, which plans to add 1300 new stores.

Mitra Adi Perkasa is also on track to open 250 new outlets across the country while Lippo Group has set up a new investment fund worth 700 billion rupiah ($59 million).

MPP, which has 99 Hypermart stores, 97 Boston Healthy and Beauty stores and 30 Foodmart stores, will open 22 new stores this year.

“The company’s cash generation capability is strong, so it can support expansion plans,” said Danny Kanjongian, corporate communication director at MPP.

Hypermarket operator Matahari Putra Prima also plans to carve out a bigger share of the local market by opening 20 new branches.

Indonesian Retailer Association executive Tutum Rahanta forecasts local retailers’ sales turnover to rise by 10 to 12 per cent this year.

The Indonesian retail market’s resilience to slower economic growth will see it growing 15 per cent by the end of 2014, says Andreas Kartawinata, head of government and association relations of the Indonesian Shopping Centers Association.