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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 Three Strategies for Promoting Textile Investment


				
			
			
Three Strategies for Promoting Textile Investment PDF Print E-mail
Written by Maizer   
Tuesday, 28 January 2020

The Indonesian Textile Association (API) urges the government to intervene through policies to support increased investment in the domestic textile and textile product (TPT) sector. Data from the Investment Coordinating Board (BKPM) 2019, showed a decrease in the realization of investment in the Domestic Investment or PMDN throughout the 2019 TPT sector fell 8.2 percent or Rp290.89 billion with 333 projects compared to 2018 Rp316.9 billion with 217 projects.

 

In terms of foreign direct investment or PMA, it was recorded better or increased by 21 percent US $ 73.08 million with 452 projects compared to 2018 US $ 60.30 million with 419 projects.

 

West Java API Secretary General Rizal Rakhman said that in 2020 the TPT business would remain optimistic, although more realistic. For this reason, there are three points emphasized in supporting performance improvement.

 

First, securing the domestic market. According to Rizal, PMDN investment fell last year due to a slowdown in the TPT sector even though in terms of the macro economy, Indonesia still recorded good growth compared to other countries.

 

"The potential for our large population must be the best fundamental for strengthening ecosystems so that the potential domestic market and the struggle of many parties will continue to support their own entrepreneurs," he said.

 

Second, environmental concerns. In the midst of efforts to preserve the environment, it is also good not to have an impact on the industry. The reason is, if production is disrupted there will be a decline and ultimately an impact on employee reductions.

 

Third, machining. According to Rizal, the launch of industry 4.0 with the target of the government being able to touch the textile sector is already good. The hope is that it will be implemented and immediately erode the old machinery so that the production climate is more fair with domestic production that continues to increase.

 

On the other hand, Rizal stressed improvements in the middle and upstream sectors that have become a big record can be realized. Because, based on data from the Ministry of Industry per quarter III / 2019 the textile industry has grown 15 percent, but more is contributed from downstream.

 

"If the contribution of exports from 2019 yesterday to November was the third largest textile with a value of US $ 11.38 billion after food-beverages and base metals. This year with the precondition, then I project a surplus to increase US $ 3.5 billion - US $ 4 billion from 2019 which around US $ 3.3 billion, "he said.

 

 Meanwhile, Rizal said that in terms of imports the production of raw fabrics and finished fabrics became the main driver that recorded a significant increase.

 
		
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