Textile industry export target worth 30 billion dollars in 2025

By : Herry Barus And Aldi Firhand. A | Monday, September 17 2018 - 21:50 IWST

Textiles Production
Textiles Production

INDUSTRY.co.id - Bandung - Minister of Trade Enggartiasto Lukita supports the achievement of the export increase target set by the textile and textile products (TPT) industry up to 30 billion US dollars by 2025.

"It must be supportive. I will be with my colleagues such as the Minister of Industry, the Minister of Environment and Forestry and the Head of the Investment Coordinating Board to realize that, Enggar said in Bandung, recently.

Enggar conveyed this after attending the Roadmap Socialization and National Textile Dialogue of the Indonesian Textile Association (API) in Bandung.

According to Enggar, although it must meet the domestic market, the national textile industry also needs to take advantage of export opportunities so as to make a large contribution to the economy.

Chairman of the Indonesian Textile Association (API) Ade Sudrajat said the export increase target would be contained in the TPT industry road map being drafted.

Ade is even optimistic that the target can be achieved before entering 2025.

 "We need a bigger market. We hope our 30 billion US dollar roadmap can be achieved by 2025. It must be faster, he said.

According to him, expanding access to export markets can be done through various means, such as accelerating the Indonesia-EU Economic Partnership negotiations or the Indonesia-EU Union Comprehensive Partnership Economic Agreement (Indonesia-EU CEPA).

Ade added that the market share of Indonesian textile products in Europe has only reached 2 percent now, while Europe has a large market. With the signing of Indonesia-EU CEPA, Ade is optimistic that the figure could rise to 5 percent so that the target of increasing exports can be achieved.

News Comment

Today's Industry

World Bank Group (Images by ITU)

Kamis, 05 Maret 2020 - 07:23 WIB

World Bank Group Announces Up to $12 Billion Immediate Support for Covid-19 Country Response

As Covid-19 reaches more than 60 countries, the World Bank Group is making available an initial package of up to $12 billion in immediate support to assist countries coping with the health and…

Synopsys, Inc. (Images by PR Newswire)

Rabu, 04 Maret 2020 - 16:57 WIB

Better IoT Security Depends on Changes in Culture, habits

Ironically enough, the good news about the atrocious security of Internet of Things (IoT) devices might be that the bad news is getting a higher profile.Stories about security cameras getting…

Line Security Bug Bounty Program (Images by LINE Corporation)

Rabu, 04 Maret 2020 - 16:47 WIB

LINE Security Bug Bounty Program Report 2019

In late 2018 through early 2019, we began investigating the potential benefits of moving our program to HackerOne. After careful consideration, we concluded that we could likely improve the…

Check Point Software Technologies (Images by Acclaim)

Rabu, 04 Maret 2020 - 16:34 WIB

Check Point’s Hits Major Milestone as 100th Academic Institution Joins the Global Education

Check Point Software Technologies Ltd. NASDAQ: CHKP, a leading provider of cyber security solutions globally, has today announced that its Check Point SecureAcademy education initiative reached…

CloudGuard SaaS (Images by Check Point Software)

Kamis, 27 Februari 2020 - 14:08 WIB

Why are we still talking about email security?

with the rapid adoption of the internet and then the mobile internet, the email security market matured as enterprises understood that accessing proprietary information via the network exposed…