Home / Knowledge / News / Textiles / Indonesian govt to halt polyester exports
Indonesian govt to halt polyester exports
04
Oct '12
Responding to complains regarding raw material scarcity by small and medium enterprises (SMEs) in the textile sector, the Government of Indonesia has decided to halt polyester exports and to develop a raw materials terminal for SMEs.
 
Ms. Euis Saedah, General Director of SME in the Ministry of Industry, said the need for halting polyester exports aroused as domestic textile producers lack raw materials to support production. 
 
She said soaring prices of raw materials and complementary inputs for fabrics do not allow textile producers to price their products competitively. It has also impacted batik production by SMEs, she added.
 
According to Ms. Saedeh, Indonesians seeking high quality items still prefer buying imported goods, which also stirs up a need for developing domestic textile accessories industries. 
 
She said the Government’s decision to set up a raw materials terminal would aid SMEs to remain competitive against imported goods, and added that the Government would call on investors to invest for setting up the terminal.
 
Ms. Saedeh said the Government has formulated various policies to ensure easy availability of capital to textile SMEs to help them overcome the problems faced while securing capital and market share. 
 
She informed that the Government has decided to establish microfinance institutions to enable SMEs to avail quicker credit facility.
 

Fibre2fashion News Desk - India


Must ReadView All

Trump-Xi summit not to occur in March: Steven Mnuchin

Textiles | On 22nd Mar 2019

Trump-Xi summit not to occur in March: Steven Mnuchin

A summit to ink a trade deal between Chinese President Xi Jinping and ...

Pic: Pxhere

Textiles | On 22nd Mar 2019

Australian wool market remains mundane this week

Price variations on all types apart from carding wools were minimal...

European Union offers UK more time to leave bloc

Textiles | On 22nd Mar 2019

European Union offers UK more time to leave bloc

Prime Minister Theresa May has been offered two weeks’ Brexit...

Interviews View All

Dharmendra Shah, Ozone PB Spintex Limited

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Akash Khetan, Narayan Tex Fab

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Anavila Misra, Anavila Collection

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Siddhachakra Weaving (Badiya Fashion),

Siddhachakra Weaving (Badiya Fashion)

Ahmedabad-based Siddhachakra Weaving Pvt Ltd was established in 2011 under ...

Will Qian,

Will Qian

Honghua Digital Technology Stock Co., Ltd. specialises in the R&D,...

Abhishek Pachauri,

Abhishek Pachauri

Reckon Industries is into manufacturing of textile process house machines, ...

Matthew Kolmes, Supreme Corporation

Matthew Kolmes
Supreme Corporation

Supreme Corporation manufactures innovative specialty yarns and safety...

S Ziya Gumuser, Teknomelt

S Ziya Gumuser
Teknomelt

Turkish nonwoven manufacturer Teknomelt has been around for only seven...

Johan Berlin, InvestKonsult Sweden AB

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Igor Chapurin, Chapurin

Igor Chapurin
Chapurin

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

Karan Arora, Karan Arora

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

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


March 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search