Advertisement Advertisement Advertisement
 
 
Lost Password?
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.


	
Product
Find millions of selling leads from around the world,now!
Featured Company
TIFICO FIBER INDONESIA PT (PT. TIFICO)
SUSILIA INDAH SYNTHETIC FIBERS INDUSTRIES, PT (SULINDAFIN)
Pollyfin Canggih, PT
PT. TESTEX TESTING AND CERTIFICATION

Data & Statistic
  INDONESIA' EXPORTS / IMPORTS OF TEXTILE COMMODITIES JAN-MAR 2019
  INDONESIA' EXPORTS / IMPORTS OF TEXTILE COMMODITIES

Special Feature
  Texprocess presents ‘Digital Textile Micro Factory’ for the first time
Home arrow Latest News arrow Safeguard Policy Will Revive Dead Textile Manufacturers


				
			
			
Safeguard Policy Will Revive Dead Textile Manufacturers PDF Print E-mail
Written by Maizer   
Tuesday, 25 February 2020

The textile industry and textile products (TPT) players are optimistic that a full safeguard policy will provide a big blessing for the industry.

 

The blessing is not only projected to increase utilization but it can turn on the manufacturer that starts to turn off the engine.

 

The TPT safeguard policy is outlined in three Minister of Finance Regulations. First, PMK 161/2019 that sets BMTPS for yarn products other than sewing threads from imported synthetic and artificial staples starting from Rp1,405 per kilogram (kg).

 

Second, PMK 162/2019, for BMTPS for imported fabric products ranging from Rp1,318 per meter to Rp9,521 per meter and ad valorem rates ranging from 36.30 percent to 67.70 percent.

 

Third, PMK 163/2019 which imposed BMTPS on curtain products including curtains, inner blinds, bed nets, and other imported furniture items amounting to Rp41,083 per kg. Unfortunately the policy has only been in effect for 200 days since it was set on 6 November 2019.

 

Secretary General of the Association of Filament and Filament Yarn Producers (APSyFI) Redma Wirawasta said that TPT entrepreneurs were optimistic about the sustainability of industrial growth supported by the above policy. For this reason, he requested that before the end of his period, the government had ensured that it would establish a permanent safeguard policy.

 

"If the safeguard is fixed then utilization is projected to be attractive to a level of 70 percent from the current 50 percent. More interestingly, for manufacturers who have wrapped their machines also claim to be able to start production again," he said.

 

Redma said that utilization in the following years was also certain to continue to increase with projections in 2021 already at the level of 80 percent. Of course, with the condition that the safeguard runs effectively according to the instructions of the President who wants sanitation in the textile industry.

 

In principle, Redma said, the safeguard policy must aim at restoring the industry not only to restrain the pace of imports. For this reason, in the stipulation of the safeguard policy later, his party will again propose a tariff revision.

 

According to him, the ideal tariff for yarns ranges from Rp 5,000 to Rp 6,000. Then, for raw fabrics ranging from Rp. 20,000 to Rp. 25,000 and finished fabrics ranging from Rp. 35,000 to Rp. 40,000.

 

"In KPPI, I see that there has been one vote with the industry, but in the National Team the determination of safeguards is what we are still worried about. The reason is, there are still voices supporting the import of TPT," Redma said.

 

Redma also ensured that the textile raw material actors have committed and are certainly able to meet the needs of the industry independently.

 

At present the fabric production capacity is around 2.7 million tons, with an increase in safeguard estimated at 2.5 million tons as an import substitution. As for the yarn production capacity is around 2.2 million tons and there is no need for additional investment if demand increases.

 

Because the rejuvenation of the machine has done a lot of industry since five years ago. "So the government has immediately set up this safeguard because right now there is also COVID-19 which is also feared that if it subsides, imported products will flood our supply," Redma said.

 

 
		
More Latest News & Recent
3 Batam Customs Officials Become Suspects of Textile Import Case
Denim Show announces new dates for New Delhi and Mumbai editions
Government Revokes Prohibition of APD Export
Strategy to Restore the Economy After Corona
Strategic transformation underway at Loepfe
Latest Selling Leads
kain twill kembang 2019-03-26
Printmate 2017-10-27
Label 2017-04-07
Canvas Fabric 2016-04-29
POST   |   MORE
Latest Buying Leads
kain katun jepang 2019-03-26
Cari Kain 2019-03-26
Twill Pants 2017-04-07
All Finish Fabric 2016-03-21
POST   |   MORE
  EXPERT PERSPECTIVE
Export Perspective of Textiles Industry
Suharno
IKATSI Chairman
Export Perspective of Textiles Industry
Read more...
Advertisement
Advertisement
Advertisement
 
 | Home | About Us | Contact Us | Organization Link | Our Publication | Advertisement | Sitemap | CSR | Term & Condition  | 
Copyright © 2008, All rights reserved by CV. Gaindo Pratama Indonesia.