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View all search resultsCoordinating Economy Minister Airlangga Hartarto said on Tuesday that President Prabowo Subianto had committed to the funding to keep technology competitive and sustain investment in the textile sector.
The comments followed a statement by Coordinating Economy Minister Airlangga Hartarto on Friday that manufactured products such as garments and textiles would receive no exemption from the United states' 19 percent tariff.
Domestic players must adapt agilely and effectively to a noticeable shift in segment-specific consumer behavior amid weaker purchasing power, whether to more affordable products or reduced spending, including strategic marketing that takes a balanced approach to incorporating both online and offline channels.
Indonesia has seen a steep decline in the number of artisanal batik producers over the past four years across key production centers from Java to Sumatra, as pressure mounts from a surge of mass-produced batik-like fabrics, most of which are imported.
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