Home / Knowledge / News / Textiles / Indonesian textile industry has good prospects: President
Indonesian textile industry has good prospects: President
19
Mar '14
There are good future prospects for the Indonesian textile industry, President Susilo Bambang Yudhoyono has said, while inaugurating the expansion of PT Sari Warna Asli in Randusari village of Boyolali regency in eastern part of Central Java province.
 
President Yudhoyono said the textile industry in Indonesia has a bright future due to the rising population and purchasing power.
 
He said he strongly disagrees with the notion that the textile industry in Indonesia is a sunset industry. He added that such a mindset needs to be changed as it can reduce creativity, innovation and confidence in promoting the textile industry.
 
He said Indonesia currently has a population of more than 240 million, which will continue to increase in the coming years. This growth of population would be accompanied with a rise in the number of middle class population with increasing purchasing power.
 
Indonesian citizens are the ones who would consume textiles and garments as their purchasing power will continue to increase, Mr. Yudhoyono said.
 
The improvement in economic conditions as well as work opportunities and other factors would mean that income levels of people will continue to increase, he added.
 
Mr. Iwan Setiawan Lukminto, director of PT Sritex and PT Sari Warna Asli, said the opportunity is wide open for Indonesia to become a global player in the field of textiles and apparel.
 
He said Indonesian textiles currently meet about two percent of the global textile and apparel demand. According to him, opportunity also arises as China, which dominates the global textile industry, is vacating the space by entering into manufacturing of other products that have higher value and technological content.
 
Indonesian textile industry has grown at an average rate of 6.2 percent over the last five years. Last year, the Indonesian textile and clothing industry earned US$ 12.64 billion from exports.
 
Unlike PT Sritex, which is mainly into manufacturing of military uniforms, PT Sari Warna Asli would produce specialty fashion products.
 

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 26th Sep 2017

US raises annual AGOA quota for textiles

The US Committee for the Implementation of Textile Agreements has...

Textiles | On 26th Sep 2017

Thrace-LINQ expanding Dorchester County operations

Thrace-LINQ, a global supplier of fabrics for the textile industry,...

Courtesy: Levis

Fashion | On 26th Sep 2017

Google unveils smart denim jacket with Levi Strauss

Ending the months-long wait, Google has unveiled its smart denim...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Johan Berlin
InvestKonsult Sweden AB

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

Eamonn Tighe
Nature Works LLC

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

Wendell Rodricks
Wendell Rodricks

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

Pranav Mishra
Huemn

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
75.5%
No
12.2%
Skip
12.2%

Total Votes: 49

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.3%
No
24.5%
Skip
12.2%

Total Votes: 49

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.8%
No
6.1%
Skip
6.1%

Total Votes: 49

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
71.4%
No
10.2%
Skip
18.4%

Total Votes: 49


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search