The Minister of Industry (Menperin) Agus Gumiwang Kartasasmita said the government is committed to continuing to provide incentives for the textile industry. He said, this step was taken following the textile industry which was still under pressure after the Covid-19 pandemic. "We will continue to prepare (incentives for the textile industry)," said Agus at the Ministry of Industry Office, Jakarta, Wednesday (10/5/2023). Minister of Industry Agus said, based on the data collected, over the past five months, several sub-sectors in the country have experienced pressure, including the textile industry.
He said the Industrial Confidence Index (IKI) showed that the textile industry was still below 50. This figure, said Agus, had started to creep up. Therefore, he said, the government is still providing incentives for the textile industry.
"We can see that now the pressure is not as heavy as before. He is not yet over 50. So he is still in the depressed category but the pressure level is different," he said.
Previously, the Coordinating Minister for Maritime Affairs and Investment (Menko Marves) Luhut Binsar Pandjaitan said the government was not only focused on downstream mining, but also on the textile industry.
After the pandemic, both exports and imports of Indonesian textile products experienced a fairly high upward trend. Therefore, the government is preparing various incentives to maintain the growth of the textile industry. Also read: Confide Textile Entrepreneurs Lack of Orders at the Beginning of Ramadan 2023
"In addition, ongoing investment policy reforms have attracted a lot of new investment into the country. The Indonesian government will continue to carry out reforms in these aspects," he said in a press release, Tuesday (9/5/2023).
Indonesia is also advancing its economic transformation, changing from selling crude commodities to products that have added value. It is hoped that through this transformation, Indonesia can become a high-income country in 2045.
Over the past few years, continued Luhut, Indonesia has shown resilience and strength, especially in the midst of global challenges that have occurred over the past few years. Indonesia's economic recovery continues year after year so that the economy can grow again and reach above 5 percent.
"The implementation of the downstream policy has so far proven to make a significant contribution to the Indonesian economy, by increasing the value of exports contributing to GDP, improving the trade balance, employment, developing new growth centers outside Java for equitable development and so on," he explained.