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Indonesia to increase TPT exports by 15%

  

The Indonesian government aims to increase its national textile and textile product (TPT) exports by 15 percent per year by 2025.

Until now, TPT was considered as a major contributor to the Indonesian economy, along with the recovery from the COVID-19 pandemic. As a social safety net and foreign exchange earner, the textile industry is able to absorb a workforce of 3.65 million people or 18.79 percent of the total workers in the manufacturing industry.

The Minister of Industry also stated that the textile industry has a strategic role in the industrialization process.

With such a large role and contribution, the government spurred the utility of the textile industry to return to its pre-pandemic utilization level, which was between 60-80 percent so that it could support national exports.

Compared to last year, the value of textile exports increased significantly by 28 percent. This increase was driven by apparel and yarn.

Industrial investment also increased by 6.4 percent until the first quarter of 2022 compared to the same period the previous year.

As one of the priority sectors, the textile industry is an inseparable part of the Making mIndonesia 4.0 program.

The Making Indonesia 4.0 agenda for the textile industry in Indonesia is directed at making the national textile industry a leader in the production of "functional" clothing.

 
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