The West Java Regional Economic Recovery Committee (KPED) inaugurated the West Java Material Center to facilitate the textile industry supply chain. The Material Center is expected to be able to connect small and large industries in textile products.

The West Java Material Center was initiated by the West Java Provincial Government through the Regional Economic Recovery Committee (KPED) Sub-Division of Manufacturing, Manpower and Overseas and the Indonesian Textile Association (API) and fully supported by BI and West Java OJK.

Head of the West Java Province Industry and Trade Office Arifin Soedjayana said the Material Center will facilitate business relations between small and large scale industries, especially in meeting the needs of raw materials.

"So far, SMEs have had difficulty buying raw materials on a small scale. With the Textile Material Center, it will help them in obtaining raw materials even though the volume is small," he explained.

In the future, he said, his party will also develop a Material Center for automotive products. So that small industries of automotive products can be connected with large industries. "The target is December 2021," he added.

Head of BI West Java, Herawanto said, one of the main keys to accelerating recovery in the processing industry and also an important point in industrial transformation is from the supply chain side. West Java, like the processing industry in other regions in Indonesia, still does not have optimal positioning in both the local value chain and global value chain.

"The Material Center provides easy access to raw materials and efficiency of distribution channels between large industries and Small and Medium Industries for the textile industry sector," said Head of the West Java Bank Indonesia Office, Herawanto,

Meanwhile, the 2021 West Java Industrial Meeting (WJIM) carries the theme "The Role of Digital Transformation and Financing in Industry towards Accelerating Economic Recovery". The implementation of WJIM is also a form of appreciation from Bank Indonesia to business actors.

WJIM is a government or authority synergy forum; academics; industrial players; financial institutions; consultant; and technical providers. It is also a forum for the formulation of various strategic policies that can be implemented to support the acceleration of the transformation of the processing industry, both small, medium and large scale in entering industry 4.0.

Meanwhile, support for the manufacturing industry sector from the aspect of financing, in a series of events, the signing of an investment financing agreement to support digitization. Financing worth a total of Rp12 billion was provided by Bank Mandiri, BNI, BRI, BTN, BSI, BCA and Bank bjb to 14 industry players who will invest to support the digitization of their business.

To open access to financing and business development opportunities, the WJIM 2021 series is also equipped with business matching by industry players with banks.