Home / Knowledge / News / Textiles / Indonesia bets on textile sector for AEC competition
Indonesia bets on textile sector for AEC competition
20
Apr '13
Indonesia is betting on its textile industry for withstanding competition in the Asean Economic Community (AEC), to be formed in 2015, Industry Ministry MS Hidayat said.
 
Speaking on the sidelines of a national meeting of the Indonesian Textile Association (API), the Minister said if Indonesian textile makers fail to compete, they would only remain local players, hence it is important for them to boost their competitiveness to enhance their exportability to other countries.
 
Mr. Hidayat said his Ministry has already discussed the need for framing an outline for the sector’s future growth with local textile entrepreneurs, who presently lack on the machinery front, and depend on imports for machinery components.
 
He said presently about 2,900 textiles mills operate in Indonesia, and 500 of these mills are in need of revamping their machinery.
 
Considering this, the Indonesian Government has announced a tax break for investors willing to invest in the country’s textile machinery industry, and has met positive responses from several countries, he said.
 
As one of the interested parties, China has invited Indonesian delegates to attend an investment forum to be held in China in near future, so as to better understand the demand of the Indonesian industry, the Minister informed.
 
API General Chairman Ade Sudrajat agreed with Mr. Hidayat on the need for outlining a roadmap for the growth of the country’s textile industry. He said the association would negotiate with countries where they eye a scope to boost exports, and would also make efforts to increase Indonesia’s self- reliance in production of textile machines.
 
However, it is important that the domestic machine component industries have proper set up backed by engine industries and particularly light industrial sectors, before they can actually launch production to cater to domestic industry, he added.
 
As a supplier of textiles and apparels, Indonesia caters to around 1.8 percent of global demand equalling to about US$ 12.46 billion, representing around 10.7 percent of the country’s total non-oil and non-gas exports.
 

Fibre2fashion News Desk - India


Must ReadView All

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Kenya levies higher duties on mitumba import

Apparel/Garments | On 18th Jun 2018

Kenya levies higher duties on mitumba import

Kenya’s treasury secretary Henry Rotich recently raised the duty on...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search