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Indonesia: APSyFI says Incentives for textile imports should not exceed domestic produce

  

Incentives for imported textile products should not exceed those for domestic textile products, says Redma Gita Wiraswasta, Chairman, Indonesian Filament Yarn and Fiber Association (APSyFI). The current provision of incentives for imported textile raw material products has resulted in a large number of imported goods entering the country, hampering the domestic textile raw material industry, says a Indo Textiles report.

Reduction in income tax incentives in Article 22 of imports in a number of manufacturing sectors will strengthen local products, Wiraswasta adds. . It will also help domestic producers meet the demands of raw materials for the local textile market, he adds. Indonesian Fiber and Filament Yarn Producers Association (APSyFI) was Founded on May 31, 1975. 22 companies of APSyFI’s members are producing polyester staple fiber, polyester filament yarn and nylon filament yarn. Indonesia is one of the world's 10 largest producers of synthetic fiber, with total capacity of 830,000 tons of polyester staple fiber, 840,000 tons of polyester filament yarn, 32,000 tons of nylon filament yarn and 550.000 tons of rayon staple fiber.

 
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