| 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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