Home / Knowledge / News / Import/Exports / Indonesia hopes textile export target of $15 bn achievable

Indonesia hopes textile export target of $15 bn achievable

13
Aug '19
Pic: Shutterstock
Pic: Shutterstock
The Indonesian ministry of industry is hopeful of achieving its textile-apparel export target of $15 billion—set several years ago—by the end of this year as government programmes and incentives spur the industry’s performance. The textile sector is one of the priorities in the National Industrial Development Master Plan (RIPIN) 2015-2035.

Industry minister Airlangga Hartarto said the government created conducive investment climate through policies like tax concessions and holidays.

According to him, to achieve the export target, it is necessary to add extra production capacity of 1,638 thousand tonnes per year with an investment value of Rp81.45 trillion and employing 424,261 new workers.

He believes that the current US-China trade war can open opportunities to increase export of textile and clothing, especially in the US market because textile originating from China has an additional import duty of 25 per cent, according to an Indonesian media report.

Eight industrial estates are beginning to operate in the country. The remaining nine are still in the construction stage and 10 industrial zones are being planned. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 20th Aug 2019

Indian firms operating in PRC to ramp up investments: CII

Most Indian companies present in China are planning to continue to...

Pic: Shutterstock

Textiles | On 20th Aug 2019

Indian spinning industry facing big crisis: NITMA

The cotton and blends spinning industry in India is passing through a ...

Pic: Shutterstock

Textiles | On 20th Aug 2019

Egyptian govt allocated EGP 21 bn to boost cotton

Egypt's ministry of public business sector has allocated EGP 21...

Interviews View All

Md Hanifur Rahman, Aman Group

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Sanjay Desai & Ashish Mulani, True Colors

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Vasanth Kumar, Max Fashion India

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Harsh Shah,

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Christiane Thies,

Christiane Thies

Founded in 1892, Thies has concentrated on the fabrication of high-quality ...

Carmen Makover,

Carmen Makover

Leading the digital textile printing industry, Israel-based Kornit...

Davide Vigano, Sensoria

Davide Vigano
Sensoria

Sensoria is a leading developer of smart garments and IoMe (Internet of...

Justin Chan & Shyam Gollakota, University of Washington

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

Mary-Cathryn Kolb, Brrr°

Mary-Cathryn Kolb
Brrr°

Atlanta-based private start-up Brrr° was founded in 2014 to develop...

Pranav Mishra, Huemn

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Nisha Chanda, Whistling Woods International School of Fashion

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

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


August 2019

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

news category


Related Categories:

Advanced Search