Asia

Minister flags textile exports, says they will help revive economy

JAKARTA (ANTARA) – Export of 10 containers of polyester products worth US$400,000 (Rp 5.9 billion) is expected to expand the market for Indonesian products and help boost economic recovery after the pandemic said Trade Minister Zulkifli Hasan.

On the same day, he flagged exports to Germany, Poland, Malaysia, India and Estonia, according to a statement issued here on Saturday.

Furthermore, he noted that in 2021, Indonesia has been ranked as the 15th largest exporter of textiles and textile products.

From January to May 2022, Indonesia’s textile exports will reach US$5.5 billion (Rp81.8 trillion), worth US$4.2 billion (Rp62.5 trillion).

Meanwhile, the value of global textile imports in 2021 was US$403.62 billion. Exports grew by 22.46% from 2020 to 2021.

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The 10 containers of polyester products that the minister dispatched on Saturday were manufactured by PT Kewalram Indonesia in Sumedang District, West Java.

Globally, the five largest importers of textiles are the United States, Germany, China, France and Vietnam. These are one of the 60 export destinations served by PT Kewalram Indonesia.

Minister Hasan commended the efforts made by the companies to contribute to increasing Indonesia’s export value and promoting the recovery of the national economy.

Meanwhile, Jamie Kartiwa Sastratomaya, president of the Indonesian Textile Association (API), said the association will continue to support the government’s policy to increase Indonesian textile exports.

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Proper protection and regulation of the domestic textile industry is needed to provide a fairer opportunity for the development of local products so that they can compete with foreign products entering the Indonesian market, he added.

Meanwhile, Masuvathi Ramier Krishnamurthy, director of PT Kewalram Indonesia, said the company appreciates the Ministry of Trade’s efforts to enable export activities and meet the aspirations of textile business players.

The company has been in operation since 1976 and manufactures a variety of yarns, fabrics and apparel products.

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https://en.antaranews.com/news/244365/minister-flags-off-textile-exports-says-will-help-revive-economy Minister flags textile exports, says they will help revive economy

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