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Indonesia's textile exports may reach $15 billion by 2019
21
Sep '17
Indonesia’s textile-related exports are projected to reach $15 billion by 2019 and will employ 3.11 million people, industry minister Airlangga Hartanto has said. The sector’s annual production capacity will rise to 1,638 tonnes by then, he told the International Textile Manufacturers Federation (ITMF) Conference held in Nusa Dua, Bali, recently.

The industry ministry predicted that textile and textile products exports will grow around 11 per cent annually. The sector is estimated to contribute $12.09 billion to the economy in 2017 and $13.5 billion in 2018. By 2017 end, this sector can absorb up to 2.73 million workers, and increase that to 2.95 million in 2018.

Hartanto urged industry players to utilize digital technology, such as 3D printing and automation, to turn competitive and efficient, according to Indonesian media reports.

The Indonesian textile industry has the potential to accelerate the stable growth observed in the last few years with a better and more investor-friendly business climate, said ITMF general director Christian Schindler.

Indonesia is ranked the ninth best country for value-added manufacturing in the world, surpassing Russia, Australia and other ASEAN countries, according to statistics from the United Nations Industrial Development Organization. (DS)

Fibre2Fashion News Desk – India


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