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
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President Director (Director) of PT Sri Rejeki Isman Tbk (Sritex), Iwan Setiawan Lukminto, said that textiles are not a sunset industry. According to him, the textile industry remains the highest need and has been ingrained in Indonesia. Iwan conveyed this to the President Director of Solopos Media Group, Arif Budisusilo, in the Beyond the Limits program which aired on the Espos Indonesia YouTube channel, Saturday (11/3/2023) Iwan then explained how textiles had become an important part of society. Starting from making clothing for fashion needs, clothing for professionals working in mining and others, to becoming personal protective equipment (PPE) for health workers during the Covid-19 pandemic.
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The Indonesian Textile Association (API) stated that as much as 70% of the sales of the textile industry in Indonesia rely on the domestic market. The rest is the export market with a contribution of around 30%. This was stated by the Chairperson of the Indonesian Textile Association, Jemmy Kartiwa Sastraatmadja on Monday (13/3/2023) through a virtual interview. "The domestic market is the main focus of the national TPT (Textile and Textile Products) industry," said Jemmy. According to him, the Indonesian textile market is also eyed by foreign textile producers. This is supported by the promising Indonesian clothing market with high purchasing power.
Not Only Limited to Cloth, The Beauty of Batik Begins to Be Seriously Glanced As an Investment Asset
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The beauty of batik is not only seen as clothing. Fabrics made with this special technique are starting to get serious attention as an investment instrument. Batik is synonymous with Indonesia. The various styles illustrate the rich artistic heritage of the country. Unexpectedly, batik can become the next luxury asset that can provide returns. Alta, the largest digital market in Southeast Asia for alternative investment, sees a big opportunity from batik investment. Recently, Alta partnered with a luxury fashion company from Indonesia, namely Iwan Tirta Private Collection, to present batik to the world of alternative investments in the form of digital assets.
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While we are all aware of the reality of climate change, and many brands and consumers are doing their best to make positive changes, there is still a lot about sustainability in fashion that is unknown and confusing, while things are constantly changing. However, as information abounds about our environmental footprint and how we respond to it, and how each label operates. It directly impacts our environment, so it's important that we stay abreast of industry developments, and adapt to what's best for our planet. TrusTrace, a leading platform for traceability and supply chain compliance, has used its expertise to predict how fashion will change this year. And how this can help us shop responsibly. The company works with various fashion brands to help them navigate the industry and its sustainability. As well as advising them on upcoming changes or regulations.
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Confiscated goods in the form of illegally imported second-hand clothing that the Directorate General of Customs and Excise (DJBC) is hunting for during 2022 translucent Rp. 23.91 billion. Based on data from DGCE, the estimated value of all goods resulting from prosecution (BHP) in the form of illegally imported used clothing throughout 2022 will reach IDR 23.91 billion. The estimated BHP figure of IDR 23.91 billion was obtained from 220 ballpress actions. This number increased from the previous year which reached 165 prosecutions with an estimated BHP value of IDR 17.42 billion.
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