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APSyFI: The national textile industry is headed for a trade deficit, 2018 exports grow 1% and imports grow 14% (yoy).--IKATSI: The growth of the national textile industry is still hampered by floods of imports, Indonesia needs a clothing security law.


	
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Ministry of Industry Push Raw Material Investment to Strengthening Textile Industry PDF Print E-mail
Written by Maizer   
Monday, 08 April 2019

The Ministry of Industry actively spurs the growth of the textile and textile products (TPT) industry in the country. Because, based on the National Industrial Development Master Plan (RIPIN), the textile industry is one of the manufacturing sectors that is categorized as strategic and has a priority in supporting the economy.

 

"In fact, based on the Making Indonesia 4.0 road map, the textile and clothing industry is included in the five sectors that are prepared to become the mainstay in implementing industry 4.0 in Indonesia," said Minister of Industry Airlangga Hartarto.

 

Airlangga continued, the ability of the textile industry in the past two years was increasingly competitive, both in the domestic and global markets. This can be seen in the growth rate of the textile industry throughout 2018 which was recorded at 8.73 percent or able to surpass national economic growth of 5.17 percent.

 

"In 2018, the textile industry became a significant foreign exchange earner with export value reaching USD13.22 billion, up 5.55 percent compared to last year," explained Airlangga.

 

In addition, he said, the TPT industry has absorbed a workforce of 3.6 million people. This is what makes the textile industry as a labor-intensive and export-oriented sector.

 

Airlangga is optimistic that national textile industry product exports will be increasingly boosted as a comprehensive economic cooperation agreement between Indonesia and Australia and EFTA is signed. "So, the market is wide open. We hope that also encouraging the CEPA with the European Union can be quickly resolved," he said.

 

 

 
		
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