Home / Knowledge / News / Textiles / Fuel subsidy cuts to affect Indonesian textile firms
Fuel subsidy cuts to affect Indonesian textile firms
02
Mar '12
The proposed fuel subsidy cuts by the Indonesian Government are likely to hit the textile industries in the Southeast Asian nation.

The textile industry in Indonesia is one of the largest contributors to the country's GDP growth, and is also one of the most vulnerable to hike in fuel costs, according to Dedi Mulyadi, Director General for Industrial Zone Development in the Ministry of Industry.

The textile industry is a large consumer of fuel and electricity, but the Government provides support to the industry by giving fuel subsidies, in the midst of rising crude oil prices.

However, the Ministry of Energy and Mineral Resources is now considering raising the price of fuel from the current Rp 4,500 per litre to Rp 6,000 per litre.

If the proposed cuts in fuel subsidy are passed, the textile industry would have to downwardly revise its current year's growth rate, from the earlier projection of 7.1 percent, Dedi said.

Fibre2fashion News Desk - India

Must ReadView All

President Donald Trump; Courtesy: White House

Textiles | On 23rd Jan 2017

US textile industry eager to work with President Trump

The US textile industry is eager to work with President Donald Trump...

Textiles | On 23rd Jan 2017

LyondellBasel expands Texas plant ethylene capacity

US based producer of petrochemicals and speciality chemicals...

Textiles | On 23rd Jan 2017

China’s cotton imports down 39% in 2016

China’s total cotton imports declined by 39.1 per cent to ...tons in...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search