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Home arrow Latest News arrow Ministry of Industry Encourages TPT Industry Raw Material Investment


				
			
			
Ministry of Industry Encourages TPT Industry Raw Material Investment PDF Print E-mail
Written by Maizer   
Tuesday, 16 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 road map of Making Indonesia 4.0, the textile and clothing industry is included in the five sectors that are prepared to become the mainstay in implementing 4.0 industry in Indonesia.

 

The Minister of Industry stated that ability of textile industry in the past two years was increasingly competitive, both in 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 the event entitled "Revitalize Indonesia Textile Industry From Plantation to Fashion", Airlangga said that the national textile industry is now integrated from upstream to downstream so that it has global competitiveness. This advantage needs to be improved in order to further deepen its structure, such as through investment in raw material industries, especially those that import imports.

 

Therefore, the Minister of Industry expressed his appreciation to PT Asia Pacific Rayon (APR) and PT Rayon Utama Makmur (RUM) for investing in the rayon fiber industry sector to increase national capacity which is currently at 536 thousand tons per year. PT APR rolled out its funds in Riau in the amount of IDR 11 trillion by absorbing a workforce of 1,200 so that in total the group reached 7,000 workers.

 

Furthermore, Airlangga also encouraged PT APR to make more downstream investments, namely the spinning industry with a minimum engine capacity of 1 million spinning units. If this is done, export in the form of rayon yarn is targeted to increase to 57.6 thousand tons or worth USD240.54 million.

 

 

 
		
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