Jakarta, The Indonesia Post – Minister of Trade (Minister of Trade) Zulkifli Hasan released the export of textile products from Limited Company (PT) Kewalram in Sumedang, West Java, namely 10 containers of polyester yarn worth 400 thousand US dollars to Germany, Poland, Malaysia, India and Estonia.
“The release of these exports can be a momentum to expand the export market for Indonesian products in the future and become a driving force for the Indonesian economy during the recovery period after the pandemic,” said the Minister of Trade in a statement in Jakarta, Saturday.
The Trade Minister said that in 2021 Indonesia will be in the 15th position as the largest textile and textile product (TPT) exporter, with an increase of 25.28 percent compared to 2021.
In the January-May 2022 period, the value of Indonesia’s textile exports to the world reached US$5.5 billion, up 22 percent from the same period the previous year which reached US$4.2 billion.
Meanwhile, the value of world textile imports in 2021 will reach 403.62 billion US dollars, with a 2020-2021 growth rate of 22.46 percent. The increase means that fashion product sales are starting to recover globally in 2022.
The top five largest textile importing countries in the world are the United States, Germany, China, France, and Vietnam. These five countries are included in the 60 countries that have been PT Kewalram’s export destinations so far.
“I appreciate PT Kewalram who continues to encourage increased exports by becoming one of the most productive textile producers so that it can contribute to Indonesia’s economic recovery. We will continue to support companies like this. If an advanced export-oriented company, Indonesia will also advance,” added Trade Minister Zulkifli.
Meanwhile, General Chairperson of the Indonesian Textile Association (API) Jemmy Kartiwa Sastraatmaja said that his party would continue to support the government’s policy to increase exports of Indonesian products, especially textiles.
According to him, it is necessary to protect and regulate the domestic textile industry in order to have the same opportunities and opportunities so that they can compete with foreign textile products entering the Indonesian market.
Director of PT Kewalram Masuvathi Ramier Krishnamurthy added that his party appreciates the steps taken by the Ministry of Trade which have facilitated export release activities as well as listening to the aspirations of textile business actors.
PT Kewalram is an integrated textile company ranging from spinning, embroidery, garment, and dye house and produces a variety of textile products such as yarns, fabrics, and apparel. (ojn/bbs)
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