Home / Knowledge / News / Textiles / Banks advised to remove textiles from 'sunset sector'
Banks advised to remove textiles from 'sunset sector'
18
Feb '10
The Indonesian banking industry has categorized certain industrial sectors as 'Sunset Industry' in its credit disbursement priority, which has been opposed by the Industry Minister, MS Hidayat.

Mr Hidayat wants the banking sector to remove the 'Sunset Industry' categorization and wants them to provide a complete report on the performance of the industries falling under the 'Sunset Industry' category.

In particular, the minister was critical of categorizing the textile and its allied industry under the aforesaid category and said the textile sector must be removed from the category as it had a big role to play in the economy.

He however, admitted that the textile sector was beseeched by imports of second-hand machinery and as a result recommends reducing dependence on importing of textile machinery.

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

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Eamonn Tighe
Nature Works LLC

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Marcel Alberts
Eurofibers

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

Tony Ward
Tony Ward

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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