The national textile and textile product (TPT) industry has experienced a very good recovery, following the peak of the COVID-19 pandemic. This was stated by the General Chair of the Indonesian Textile Association (API), Jemmy Kartiwa Sastraatmadja, at the ground breaking event of PT Dhanar Mas Concern and the Acceleration of Investment Growth in the National TPT Industry, in Banjaran, Bandung Regency, Thursday (12/23/2021). "This recovery is marked by an increase in utilization, the majority of which has reached more than 70 percent, as well as the high realization of investment plans from 2021 to 2023," said Jemmy.

Jemmy explained, based on an internal API survey in 2021 there were 97 companies throughout Indonesia that made investments.

"The investment is in the form of unit expansion and production machine room, with a total investment of USD 526.69 million," said Jemmy.

Jemmy said, as well as in 2022 to 2023 there are 96 companies that plan to invest, with a total value of USD 979.5 million.

"This figure shows that the National TPT industry is starting to bounce back, with no less good performance before the Covid-19 pandemic," he said.

In fact, said Jemmy, in a fairly short period of time the data can prove that the textile industry is a very promising industry.

"It has a fairly high resilience, and has the potential for a fairly large growth rate," he said.

According to Jemmy, this TPT is growing with the import substitution program, which has been promoted for the past few years.

"Thus, it provides more space for the domestic textile industry," he said.