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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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API: 5.3 Percent Realistic Manufacturing Growth Target PDF Print E-mail
Written by Maizer   
Tuesday, 07 January 2020
The Indonesian Textile Association (API) is optimistic that the national manufacturing growth projection in 2020 which is set by the Ministry of Industry can be realized. Ade Sudrajat, Chair of API, said that a number of parties indeed tended to be pessimistic about the projection. However, he stressed that there are a number of factors that underlie the high growth assumptions.

 

One of them, is the government's effort to realize the Omnibus Law Law. In addition, he said the completion of the free trade agreement with the European Union would be a positive sentiment for an increase in national manufacturing exports.

 

"There are leaps in 2020 that can support that projection. I am among those who are optimistic about the projection," he said.

 

In a press conference for the Performance of 2019 and the Industrial Development Outlook for 2020 in Jakarta, Monday (6/1/2020), Minister of Industry Agus Gumiwang Kartasasmita said that he was optimistic that the performance of the manufacturing industry this year would still grow amid uncertain global conditions.

 

This year, he explained, the Ministry of Industry projects the growth of the manufacturing industry around 4.80% - 5.30% in line with the soaring productivity of a number of sectors through additional investments.

 

To ensure the achievement of projected performance growth in 2020, the Minister of Industry has set a number of strategic steps. First, encourage the guarantee of the availability of raw materials for sustainable productivity. This has become one of the efforts to create a conducive business climate.

 

Second, attract investment attractively, especially to export-oriented industries, producing import substitution products, based on high technology, and labor-intensive sectors. Third, overcoming the investment obstacle of business certainty by trimming regulations through the Omnibus Law Bill.

 

Fourth, increase competitiveness through the Industrial Revolution 4.0. which brought changes to the rise of a digital-based economy. Fifth, optimize the potential demographic bonus.

 

Sixth, prioritizing the spread of industries outside Java, one of which is through the development of priority industrial areas. Seventh, oversee several major industrial investments, including CPC Corporation (Taiwan) in the petrochemical industry sector, LiteMax (Taiwan) in the electronics industry sector, and Smart City, Taiwan Sugar Corp (Taiwan) in the sugar industry sector, and Unical (US) in the aerospace industry sector.

 

 
		
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