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Stake Holder : Textile Industry Needs Fundamental Changes

The apparent growth of the textile industry and textile products (TPT) sector is a challenge for the Trade Minister Muhammad Lutfi to solve the problem. The import-driven growth of the textile industry has resulted in hundreds of factories out of business in the last 3 years. The high growth in textile imports as a result of trade policies that are considered pro-import also results in low investment.

PT Asia Pacific Rayon (APR) invites all textile and textile product (TPT) industry players to contribute in making the TPT industry roadmap. APR proposes that sustainable supply chains be the focus of the roadmap.

PT Argo Pantes Tbk (ARGO) is optimistic that operational and financial performance in the next year will improve, because the government will soon impose import controls on textile products with new regulations.

Advisor to the Prime Minister of Trade and Investment of Pakistan Abdul Razaq Dawood stated that the country's exports in December 2020 increased 18.3 percent to US $ 2.36 billion compared to US $ 1.99 billion in December 2019.

The apparel industry is one of the manufacturing sectors that needs to be encouraged to remain productive and competitive. This is because this leading sector is still one of the largest contributors to the growth of the manufacturing industry, which can be seen from the record export value of 8.30 billion US dollars in 2019.