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Indonesia hosts ITPT textile show

Indonesia is hosting ITPT show from April 19 to 21, 2017. This is a textile and clothing exhibition which aims to increase the sector’s domestic share and promote exports to Asean countries as well as to the Americas, Europe and Africa. The exhibition’s theme is ‘Productivity for Sustainability’. Around 450 participants from 24 countries are attending. Participants are displaying latest machines, some of which are Juki, Brothers, and Fongs.

The show aims to demonstrate technology and the concept of one stop shopping. Buyers and sellers can maximize the opportunity to establish networking. The country targets increasing the value of textile and garment exports to $75 billion by 2030, implying the industry would contribute five per cent to global exports.

However, Indonesia is facing several challenges: upstream sector is largely inadequate, causing a reliance on imports of raw materials and requires an injection of investment, technology and expertise, while competition from other textile producing nations in southeast Asia like Cambodia, Vietnam as well as Myanmar is rising.

Yarn, cotton, dyes and fabrics, both natural and manmade, are mostly imported in US dollars. A depreciating rupiah against the US dollar makes imports expensive and therefore, causes financial turmoil for local textile companies, particularly the smaller ones that have fewer cash reserves to rely on.

 
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