Home / Knowledge / News / Textiles / Rising power tariff to increase Indonesian textile imports
Rising power tariff to increase Indonesian textile imports
25
Apr '14
Indonesian textile imports are expected to increase by as much as 100 percent, following the increase in electricity tariff in the country, which will take effect from May 1, 2014, said chairman of the National Committee of the Indonesian Textile Association (API) Ade Sudrajat at the INDO INTERTEX fair currently ongoing at the Indonesian city of Jakarta.

According to the API official, the increase in electricity tariff will subsequently raise the cost of production of textile goods and domestic firms would chose to use imported goods as there are no components to reduce the cost of production.

Mr. Sudrajat added that increasing use of imported products would severely affect the competitiveness of the domestic textile firms, which is contrary to the campaign of increasing competitiveness of industries in Indonesia ahead of the integration of the ASEAN Economic Community (AEC) in 2015.

The Indonesian Government would be raising the electricity tariff for industrial units in the country in four phases this year. The tariff for public-listed, large-scale industrial units using more than 200 kilovolt ampere (kVA), known as Group I-3, will be raised by 38.9 percent. The first phase increase of 8.6 percent is scheduled for May 1, 2014.

For the industrial units using more than 30,000 kVA, known as Group I-4, tariff would be increased by 64.7 percent, with the first phase increase of 13.3 percent scheduled for May 1 this year. Following the first hike, the tariff for both the groups would be subsequently increased on July 1, September 1, and November 1, 2014, respectively, unless the Government extends the dates.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Johan Berlin
InvestKonsult Sweden AB

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Larry L Kinn
Suominen Corporation

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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
March 2017

March 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