Indonesian govt will support textile units with incentives
June 04, 2013 - Indonesia
The Indonesian Ministry of Industry has assured that the Government will continue to support the country’s textile and apparel industry through fiscal incentives to help it compete in the global market.
The Directorate General of the Manufacturing Industry (BIM), Panngah Susanto, said the textile industries of Indonesia need to raise their competitiveness and increase their efficiency in comparison with other nations who have adopted advance technologies for production in the textile industry.
The DG BIM of Indonesia was speaking at an exhibition organized by the Indonesian ministries to promote the locally produced textiles and apparels.
Mr. Susanto said the country’s textile and apparel industry has the potential to achieve a larger share in the global market due to its large manpower of about 1.5 million.
He added that the Indonesian textile and apparel industry needs to replace the machines which have been used for more than 20 years as they not only consume more energy but also affect the speed and quality of production.
Indonesia exports about US$ 12.46 billion worth of textiles and apparels, which is around 1.8 percent of the global demand. The textiles and apparel exports represent about 10.7 percent of the country’s overall non-oil and non-gas exports.