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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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Home arrow Latest News arrow Local Textiles Need Rp175 Trillion to Survive Foreign Products


				
			
			
Local Textiles Need Rp175 Trillion to Survive Foreign Products PDF Print E-mail
Written by Maizer   
Wednesday, 11 December 2019

The Indonesian Textile and Textile Products (TPT) Industry is trying to get up catching up with the textile industry at the global level. One factor that local TPT is difficult to compete with is the price of products that are higher than imported goods.

The Head of the Investment Coordinating Board (BKPM), Bahlil Lahadalia, said the price of local textile products was high because of the inefficiency of the production process.

 

This is due to the fact that the local TPT industry still uses old-tech machines, whose productivity and quality are inferior to the latest machines.

 

The Ministry of Industry, said Bahlil, already has a revitalization program for the textile industry and textile products. However, the program is not yet effective because the change from upstream to downstream requires a lot of costs.

 

Bahlil admitted that the Indonesian Textile Association and the Indonesian Filament Yarn and Fiber Producers Association had met with President Joko Widodo. They addressed a variety of principle issues, including revitalizing machines and total upstream-downstream investment in the textile industry in the next few years.

 

"The investment value of engine revitalization needed in the next few years reaches Rp75 trillion," Bahlil said in Jakarta.

 

"If I'm not mistaken, Rp. 175 trillion (revitalization budget needs) from upstream to downstream, if the machines alone need Rp. 75 trillion," he concluded.

 

 
		
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