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Jakarta Post

Garment exports doing well despite global crisis next year

  • The Jakarta Post

Jakarta   /   Mon, December 15 2008   /  10:36 am

Thanks to investment worth around Rp 4 trillion (US$363 million), garment-making businesses are expected to grow by 11.4 percent by year-end, and another 10 percent next year. Garments account for 60 percent of Indonesia's textile and textile products (TTP). Garment exports are projected to reach $6.4 billion this year, from $5.82 billion in 2007, said Kurnia Saputra, a board member of Garment Partnership Indonesia, an initiative by the USAID-financed SENADA to help raise industry competitiveness. Growth in garments will be higher than the forecast 8 percent increase in the total exports of TTPs, which will grow from $10.3 billion in 2007 to an estimated $10.81 billion this year, Kurnia said on the sidelines of a link-and-match meeting between garment producers and buyers held by SENADA last week. Although several textile companies have had to lay off...