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Textile industry restructuring inevitable
08
Jul '06
Recently, a function was held to hand over machineries donated from Belgium, Italy and Switzerland to the Bandung-based School of Textile Technology.

Industry Minister Fahmi Idris, stated that about 40 percent of the country's textile machinery was aging and industrial restructuring was inevitable to boost efficiencies as competition from China, Vietnam and Bangladesh was on the rise.

The sanctions imposed by the US and European nations against Chinese textiles would benefit Indonesia's textile and apparel manufacturers.

Indonesia's textile exports grew 8 percent, up from US $8.6 billion last year to $9.4 billion this year, according to a report.

Industry expects government assistance protect itself from influx of low-priced products from overseas, particularly from China, sources said.


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