The Indonesian Filament Fiber and Yarn Producers Association (APSyFI) sees bright business prospects in the next 2-3 years. At this time, Apsyfi sees it as a momentum to accelerate post-pandemic recovery. Evaluating the conditions that occur in TPT business actors, especially upstream, Secretary General of the Indonesian Filament Fiber and Yarn Producers Association (APSyFI), Redma Gita Wirawasta revealed, during the Covid-19 pandemic, a number of business actors in the upstream textile sector experienced cash flow difficulties. In fact, there were two companies that had closed, but now they have started operating again.
"Cashflow difficulties occur in almost all companies because of minimal income from downstream consumers, but the burden of fixed costs still has to be paid," he explained Thursday (2/12).
Redma did not deny that during the pandemic, some APsyfi members had difficulty paying their obligations to the bank. However, he emphasized that none of its members failed to pay their obligations to the bank.
"However, the tight cash flow makes it difficult for us to expand, even though market demand continues to rise. So we hope that the banking sector will follow up on this condition, working together to increase the supply side to balance the demand side," he said.
In the medium term, APsyfi sees that the next two to three years will be a very good opportunity for the textile sector to recover quickly. This certainly can improve performance, especially in the domestic market after a series of government policies that provide market guarantees for domestic products such as safeguards and other import control rules.
"This period will also be used by the textile industry to boost production to increase production capacity and new investments as well as improve efficiency and productivity," said Redma.
In the future, Redma sees that the business trend in the world is towards sustainability and green products, so that in the future there will be a lot of investment directed towards producing environmentally friendly products, including recycled raw materials.
