Home / Knowledge / News / Textiles / Textile industry growing from strength to strength
Textile industry growing from strength to strength
31
Jul '08
According to statistics released by the Department of textiles, under the Ministry of Industry and Trade in Indonesia, the textile and garment industry in the country is growing from strength to strength.

The sector is witnessing all-round growth whether related to employment, production, investment or exports. The growth varies from a high of 11.23 percent in production by volume to a low of 1 percent in the number of new companies set up in 2007 when compared with 2006.

Production in the industry grew from Indonesian rupiah (IDR) 99.15 billion to IDR 102.27 billion in 2007, which represents an increase of 3.09 percent corresponding to the same period in 2006.

Exports from the country saw a growth of 3.86 percent by value though it witnessed a miniscule negative growth of 0.35 percent by volume. It grew from US $ 9.44 billion in value to $9.81 billion in 2007.

Compared to exports, imports however saw a phenomenal growth. Imports grew by 16.56 percent to reach US $1.99 billion in 2007 in contrast to $1.71 billion in 2006, as a result of which the sector recorded a trade surplus of $8.02 billion in 2007 versus $7.73 billion in 2006.

Employment numbers jumped from 1,190,656 to 1,234,250, number of companies from 2,699 to 2,726 in 2006 and 2007 to register a growth of 3.66 percent and 1.00 percent respectively.

Irrespective of the all the issues affecting the sector in general, including the recession in USA and a very likely one in the European Union, the textile and garment industry of Indonesia has shown its resilience to withstand adversities in its path.

The industry is expected to fare much better in the current year, particularly in shipments to the Japanese markets, since that country has granted a zero percent duty status for imports of textiles goods from Indonesia effective from July 1, 2008.


Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Business wire

Textiles | On 28th Jul 2017

Taiwan launches new products at Outdoor Retailer show

The Taiwan External Trade Development Council (TAITRA) hosted the...

Textiles | On 28th Jul 2017

Clariant, Huntsman present update on planned merger

Clariant and Huntsman Corporation have presented a first update on...

Fashion | On 28th Jul 2017

Kering’s first half consolidated revenue up 28.2%

Kering has announced a consolidated revenue of €7,296.2 million for...

Interviews View All

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Jay Ramrakhiani
Occasions Elegance Wear

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

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

July 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
61.1%
No
22.2%
Skip
16.7%

Total Votes: 18

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
33.3%
No
44.4%
Skip
22.2%

Total Votes: 18

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
83.3%
No
5.6%
Skip
11.1%

Total Votes: 18

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
50.0%
No
11.1%
Skip
38.9%

Total Votes: 18


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



X