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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 BKPM and the Textile Association Synergize to Boost More Competitive Textile Industry


				
			
			
BKPM and the Textile Association Synergize to Boost More Competitive Textile Industry PDF Print E-mail
Written by Maizer   
Wednesday, 18 December 2019

Bahlil Lahadalia Head of the Investment Coordinating Board (BKPM) held a meeting with the Indonesian Textile Association (API) and the Indonesian Fiber and Yarn Producers Association (APSyFI) to absorb the aspirations of the textile and textile product industries related to the development and resolution of problems that have been faced by industry players. textiles and descending.

 

The meeting which took place on Wednesday 11 December 2019 in Jakarta was a follow-up to the meeting between the President of the Republic of Indonesia and the Textile Association on November 21, 2019, at the meeting there were three important points, namely the issue of upstream raw materials, machine rejuvenation and investment and the third was the market .

 

In the meeting, it was concluded that the core problems faced were the high price of raw materials in the downstream industry sector, the price of expensive energy and the market protection system that was not in favor of the domestic textile industry players, both foreign and domestic investors.

 

To overcome the above obstacles, BKPM promises to find a solution so that domestic textile prices can compete with imported products so as to increase the competitiveness of the textile industry in the global market.

 

To increase the competitiveness of textile products in the global market, it is necessary to revitalize the textile industry from upstream to downstream which is predicted to take seven years with a budget of Rp. 175 trillion. The target of this revalitation is to increase foreign exchange by 49 billion US dollars in 2030, with a net foreign exchange of 30 billion US dollars per year

 

 

 
		
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