Indonesia Cuts Textile Industry Recovery Plan

The textile industry in Indonesia cut off the textile industry recovery plan this year, thanks to low feedback from producers, although the plan has been implemented for three years.  

From the point of view, there are too few applications for this plan, and too many managers are needed to manage the problem in terms of human resources, said Harry, Changan's sari Barker, who is responsible for the metals, machinery, textile and grocery industries.

In addition, the small and medium-sized sectors are also in a similar situation.

In the textile machinery recovery process, there are two plans to provide incentives for manufacturers to upgrade their old machinery with new machinery to enhance competitiveness.

According to the first plan, the government offered 10% discount to manufacturers who want to buy new machinery. According to the second plan, the government provided flexible loans to those SMEs.