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‘Indonesian Textile Industry stagnant for 2 years’ Says minister

“The global economy is in doldrums which in-turn has affected the growth of the national textile industry.” Minister of Industry, Indonesia Saleh Husin is reported to have said this during his visit to manufacturer brocade PT Sinar Para Taruna in Bandung, West Java. "As we know, the textile industry in the past two years is somewhat stagnant because of the global economic situation is difficult," he added.

And that is the reason why the government continues to undertake policy measures to encourage domestic industries to compete with imported products flooding the domestic market, he continued. He later went to observe that to achieve this, the government couldn’t move on its own, entrepreneurs too must join in.

Although Indonesia has had a stagnant industrial growth, but it still did good enough after a considerable good order from European countries. In 2015, the national textile industry recorded a growth of 5.26% while in this year, the target could be optimized to reach 5.7%.
Later Husin appreciated those at PT Sinar who have been regularly contributing to the growth of the textile industry of the country. He also hoped that the company would continue to carry out new innovations.

It is interesting to note that PT Sinar was launched way back in 1989 and has been occupying an area of the factory in West Bandung regency since 1993. The company currently has two plants with a total staff of about 1,500 people.

 
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