| Indonesia year-end review 2023: Investment, threats & efforts
30 Dec 23 6 min read
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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