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Indonesian TPT exporters hope to reach $14-bn target in 2022: Minister

17 Aug '22
2 min read
Pic: Shutterstock
Pic: Shutterstock

Indonesian industry minister Agus Gumiwang Kartasasmita recently expressed optimism about the textile and textile products (TPT) industry expanding its export market to meet the target of $13-14 billion this year. ‘Making Indonesia 4.0’ will encourage the transformation of the textile industry to make it more competitive and innovative, he said.

"We hope the textile industry continues to give good performance, mostly driven by the rapid growth of sales through e-commerce platforms as well as consumer awareness of the sustainability principle in the textile production process, in line with the commitment to reduce carbon and water consumption in the production process," Kartasasmita said in a statement.

Use of sustainable and environment-friendly raw materials and the application of the circular economy principle are also being encouraged, he said.

The industry ministry has started a 35-per cent import substitution programme this year to encourage more utilisation of existing industries and boost investment in the country.

A machine and equipment restructuring programme is also being carried out in the fabric refinement and fabric printing industries.

"This effort has been proven to increase production capacity by 21.75 per cent, increase production realization by 21.22 per cent, energy efficiency by 11.86 per cent, and increase sales volume, both domestically and (via) export, by 6.65 per cent," Kartasasmita was quoted as saying by a news agency.

He also lauded the international integrated Textile and Textile Products (TPT) Industry Exhibition, or 2022 Indo Intertex & Inatex exhibition, which was themed “Making Indonesia Textile 4.0.”

The minister added he is open to the possibility of building an integrated textile industry ecosystem in Indonesia.

Fibre2Fashion News Desk (DS)

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