SRIL and PBRX Issue Global Bond

Textile Stakeholders Request Strengthening Industrial Integration

Parliament Asks to Control Illegal Importation of Textiles

IKATSI Reveals Details of Import Violations

MOI Optimizes Sustainable Resources For Industrial Production

Britain Will Ban Imports From China

RPP on Industry and Trade is Less Favorable to Local

Textile Industry Optimistic Could Recover This Year

Trade Surplus, Textiles Industry Still in the Red Zone

APR Encourages Supply Chains as the Focus of the Road Map

Pakistan's Exports to Indonesia Supported by Textile Products

ARGO Optimistic Will Improve Performance in 2021

APSyFI : PLB Threatens to Eliminate US $ 8.3 Million Yarn Exports

Stake Holder : Textile Industry Needs Fundamental Changes

Director General of the Chemical, Pharmaceutical and Textile Industry (IKFT) of the Ministry of Industry, Muhammad Khayam noted, the performance of the IKFT industry contracted by minus 1.49 percent throughout 2020. This occurred as a result of the Covid-19 pandemic.

"The growth conditions for the Chemical, Pharmaceutical and Textile Industry in 2020 will still contract by minus 1.49 percent, but that is better than the average non-oil and gas processing industry which is minus 2.52 percent," said Khayam.

Even so, Khayam said that one of the sub-sectors, namely the chemical and pharmaceutical industry, had a good growth of 9.3 percent throughout 2020. However, the performance of the textile industry is currently experiencing a severe decline.

He said the IKFT sector's contribution to Indonesia's economic growth would reach 4.48 percent in 2020. Meanwhile, the IKFT export value reached 33.99 percent of the total exports.

Therefore, in the context of organizing the Hannover Messe 2021, the Ministry of Industry (Kemenperin) hopes that the performance of the IKFT sector in 2021 and beyond will get better. Even now the government has added 7 priority sectors.

Previously, the government only prioritized the food and beverage, textile and clothing, automotive, electronics and chemical sectors. However, since the Covid-19 Pandemic, the Government has added 2 other priority sectors, namely medical devices and pharmaceuticals.

"Since the Covid-19 pandemic we need pharmaceuticals and medical equipment for food, the government added these two sectors to be priorities. Sectors that must be developed in line with development through the digital economy," he explained.

Thus, the Ministry of Industry hopes that in the future the development of the digital economy 4.0, the IKFT sector can also develop.

"We want in the future, if we talk about the digital economy, especially 4.0, the concept is connectivity, not only related production sectors but all sectors, both raw materials, marketing and warehouses, are connected," he concluded.