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Indonesia unveils upgradation program for textiles

Sep 06, 2021
Indonesia unveils upgradation program for textiles

Jakarta, Antara

Indonesia’s Industrial Ministry has launched the machinery/equipment restructuring program for fabric refinement and printing. 

This is done to support the performance of the textile and textile product (TPT) industry. According to Agus Gumiwang Kartasasmita, Industry Minister, this program has been launched as one of the incentives for the textile industry sector so as to improve the performance which has been affected due to the pandemic. Another reason for the same is to support the implementation of the Making Indonesia 4.0 roadmap.

The Making Indonesia 4.0 roadmap has been made to give a boost to the manufacturing sector of the industry and also to boost the global competitiveness of domestic industries. The ministry also analysed that the TPT industry was an important industrial group and national priority in accordance with RIPIN. According to the statistics, the sector’s export has reached $5.87 billion, during the January-June 2021 period, which means it has shown an increase of 13%, whereas the investment recorded an increase of 27%.

According to the minister, due to the enforcement of the community activities, as a result of the contraction in the manufacturing sector has also reduced as the Purchasing Managers' Index of Indonesian manufacturing stood at 43.7.  The same has increased and has reached 40.1 in July.

Kartasasmita stated that based on Regulation of the Industry Minister Number 18/2021 on the Restructuring of Machinery and/or Equipment, the policy will be implemented.

Source – Antaranews.com

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