The Textile and Textile Product (TPT) Industry contributes around IDR 180.2 Trillion to the National GDP and its utilization reaches above 70% in 2021. The textile industry also plays an important role in equitable distribution of the regional economy, creating a multiplier effect, especially on the surrounding economy. During the pandemic, the textile industry sector has proven to be able to survive in absorbing labor. To encourage the textile industry to continue to move and improve, the Government is committed to creating a conducive business climate. One form of Government support is through the provision of credit restructuring that can be utilized by business actors in facing the challenges that exist during the Covid-19 pandemic.

"This restructuring opportunity can be utilized so that production capacity can be increased, working capital can be recovered, and of course we hope that with this situation the textile industry is able to continue to employ a large number of workers throughout Indonesia," said Coordinating Minister for Economic Affairs Airlangga Hartarto in a statement. written statement, Friday (25/02).

In terms of exports, the performance of the textile industry also experienced quite good growth and contributed 5.6% of total exports. The increase in exports was accompanied by a decrease in imports of US$ 9.4 billion. This is in accordance with the import control policies carried out by the Government including anti-dumping import duties and tightening import permits.

“As a labor-intensive and export-oriented sector, we need to continue to maintain the productivity of the textile industry. During this pandemic, the textile industry plays an important role, especially to meet the needs in terms of preventing Covid-19, such as the production of masks and PPE," said Coordinating Minister Airlangga.

Regarding investment, Coordinating Minister Airlangga when closing his speech said that investment in the textile industry is still needed and is also in demand by investors.