Development of domestic machinery sector is key to the growth of Indonesia’s textile industry.
This was recently confirmed by the Industry Ministry.
Substantiating on the same, Muhammad Khayam, Ministry’s Director General for Chemical, Pharmaceutical, and Textile Industry said “Domestic machinery industry is important for the growth of the textile sector, but we rely on imported machinery.”
He added that development of domestic machinery industry will help cut the production cost.
A data from Institute for Development of Economics and Finance distinctly states that Indonesia’s textile sector clocked 3 per cent export increase in last 10 years.
There’s no better way now than working towards the growth of domestic machinery sector. Notably, imports saw a rise of 10.4 per cent in last 10 years.
In addition to high pricing of Indonesian textile products, old textile production machines are being considered majorly responsible for the slowdown of textile industry in Indonesia.
