Textiles

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Indonesia year-end review 2023: Investment, threats & efforts

30 Dec '23

6 min read

Pic: Adobe Stock

Pic: Adobe Stock

Insights

Indonesia's textile sector saw export declines, layoffs, and reduced GDP contributions.
However, local investment spiked by 89.41 per cent in Q1 2023, aiding amid export downturn.
Government implemented policies to counter Chinese imports and enhance industry standards.
Initiatives target reducing textile waste for a sustainable industry model by 2030.

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