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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 Kadin: Industry Can Only Survive Up To 2 Months Again


				
			
			
Kadin: Industry Can Only Survive Up To 2 Months Again PDF Print E-mail
Written by Maizer   
Monday, 04 May 2020

Deputy Chairperson of the Indonesian Chamber of Commerce and Industry (Kadin) for the UMKM Sector Suryani Motik Kadin Indonesia assessed that the economic condition of Indonesia was in a precarious condition due to the Corona or Covid-19 virus pandemic. He estimates that the industry will only be able to survive the next 2 months in line with stagnant imports.

 

Suryani said, most industries whose raw materials are mostly imported from abroad. Various efforts to limit a number of countries due to this pandemic eventually disrupted the supply chain of industrial raw materials.

 

Suryani said, on average domestic entrepreneurs at best have 2-3 months of cash flow. "If it has been running for 1.5 months, the average age will last for another 2 months, if many MSMEs have daily and weekly lives that have collapsed," Suryani said.

 

If the domestic supply chain is not immediately strengthened and dependence on imported raw materials is still high, the fate of MSMEs will be increasingly severe. Even from the count, layoffs are predicted to have reached 10 million people, or more than the data of 2-3 million workers affected by layoffs at this time.

 

The Indonesian Textile Association (API) previously said that condition of the textile industry and textile products (TPT) was alarming in the corona virus pandemic or Covid-19.

 

API General Chairman Jemmy Kartiwa Sastraatmaja said that since two weeks ago, the number of workers laid off from the TPT industry had reached 80 percent or 2.1 million workers. "Our market is exhausted, both for exports and locally, our members have closed the industry," he said during a joint hearing with the House of Representatives Commission VI.

 

In addition to reducing labor, said Jemmy the textile industry also experienced a reduction in utilization by up to 90 percent and production volume reached 85 percent.

 

Suryani pointed out that the food and beverage industry was quite hit by the Large-Scale Social Restrictions (PSBB) policy. In addition, the payment system was affected because the market did not exist. Suryani also estimates electronic transactions such as Gopay, OVO, and LinkAja to decrease.

 

The constraints of the aviation industry also have an impact on other sectors, such as fisheries MSMEs that cannot export their products or send to other regions. "So it seems that the way of thinking is all the way each of them. If the MSME industry is not helped, if other industries such as fisheries are not helped, lay off will be even more numerous," said Suryani.

 

 

 

 
		
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