ID :
26113
Wed, 10/22/2008 - 21:00
Auther :
Shortlink :
https://www.oananews.org//node/26113
The shortlink copeid
NATIONAL TEXTILE INDUSTRY GROWING DESPITE CRISIS : SPOKESMAN
Jakarta, Oct 22 (ANTARA) - Indonesia's textile industry is growing despite the ongoing global financial crisis, according to Ade Sudrajat, vice chairman of the Indonesian Textile Association (API) here Wednesday.
"We are optimistic we can maintain our textile market shares in the US and Europe at 4 percent and 2 percent respectively," Sudrajat said at an Indonesia-Korea discussion forum themed "Strengthening Korea-Indonesia Cooperation in Textile and Apparel Industry."
The world economy's sluggishness was not significantly affecting international textile trading activities, he said.
He predicted Indonesia's textile exports to the US would even grow, especially exports of non-woven, satin and other special fabrics.
About prospects in the EU, he said he was optimistic the bloc would continue importing Indonesian textile products, especially ready-made fashion products.
But Sudrajat also said several domestic problems were hampering the development of the national textile industry. These were the high inflation rate, inappropriate monetary policies that had caused investment stagnation in the real sector, the state electricity company's inability to meet industry's power needs, the presence of illegally imported products in the domestic market, infrastructure and manpower problems.
"Therefore, API has urged the government to review its regulations in the field of investment, manpower, and also the domestic market in order to survive from the crisis as well as to speed up the country's economic growth," he said.
Asked about Indonesia's cooperation with Korea in the textile business, Sudrajat said it comprised sharing of technology and exchange of experts.
"We are optimistic we can maintain our textile market shares in the US and Europe at 4 percent and 2 percent respectively," Sudrajat said at an Indonesia-Korea discussion forum themed "Strengthening Korea-Indonesia Cooperation in Textile and Apparel Industry."
The world economy's sluggishness was not significantly affecting international textile trading activities, he said.
He predicted Indonesia's textile exports to the US would even grow, especially exports of non-woven, satin and other special fabrics.
About prospects in the EU, he said he was optimistic the bloc would continue importing Indonesian textile products, especially ready-made fashion products.
But Sudrajat also said several domestic problems were hampering the development of the national textile industry. These were the high inflation rate, inappropriate monetary policies that had caused investment stagnation in the real sector, the state electricity company's inability to meet industry's power needs, the presence of illegally imported products in the domestic market, infrastructure and manpower problems.
"Therefore, API has urged the government to review its regulations in the field of investment, manpower, and also the domestic market in order to survive from the crisis as well as to speed up the country's economic growth," he said.
Asked about Indonesia's cooperation with Korea in the textile business, Sudrajat said it comprised sharing of technology and exchange of experts.
