TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Textile industry demands more supportive regulations
An industry association claims textile businesses in several segments are struggling to attract investment.
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Workers make traditional batik cloth at the Batik Ismoyo workshop in Lumajang, East Java, in May 2024. The batik house focuses on promoting Lumajang regency’s unique motifs, including ones inspired by the banana, which have been exported to Singapore and Malaysia. (Antara/Irfan Sumanjaya)
T
he Indonesian Filament Yarn Producers Association (APSyFI) has said that several sectors within the country's textile industry are still struggling, especially in the polyester supply chain.
APSyFI chairman Redma Gita Wirawasta said a proposed investment by Chinese polyester producer Tongkun Group to build a factory in Indonesia had yet to be realized and blamed unsupportive business regulations for the holdup.
He suggested that the changeable regulatory environment in the country was keeping potential investors at bay.
“There are some regulations that need to be more dynamic for certain situations, but long-term regulatory certainty is also necessary for investors,” Redma was quoted as saying by Bisnis on Sunday, arguing that regulatory guarantees in the domestic market needed to be the priority to ensure long-term business continuity.
Read also: Textile industry warns of production halt following import restrictions
Meanwhile, Industry Minister Agus Gumiwang Kartasasmita said the domestic fashion industry was expected to grow in the coming years, albeit at a rate below the country’s typical GDP growth of 5 percent.
“The fashion industry sector is projected to grow at an average rate of 4.26 percent annually until 2029, with a market value reaching US$9.6 billion,” Agus said on Monday through a statement released on the ministry's website, Fortune Indonesia reported.
