Indonesia’s Garment and Textile Exports Expected to Hit $14 Billion This Year | World
Jakarta (VNA) – The Indonesian textile and garment industry will expand its markets to meet the export target 13 to 14 billion USD this year, according to the country’s Minister of Industry, Agus Gumiwang Kartasasmita.
The textile industry continues to show good performance, mainly thanks to the rapid growth of sales via e-commerce platforms as well as consumer awareness of the principle of sustainability, which is in line with the commitment to reduce carbon consumption and of water in the production process, Kartasasmita said. in a report.
On the commodity side, the principle of sustainability is also promoted through the use of environmentally friendly raw materials and the application of the principle of circular economy, the official added.
“The existence of Making Indonesia 4.0 will encourage the transformation of the textile industry to make it more competitive and innovate in an effort to be competitive and meet the demands of the global market,” the minister said as quoted by the Antara news agency.
To accelerate the implementation of the fourth industrial revolution, the textile industry is expected to use several key technologies to beat global competition, including artificial intelligence, new fabrics, Internet of Things (IoT), rapid analysis data for rapid adaptation, mobile commerce, virtual and augmented reality (VR), online vector editors, 3D printing, blockchain technology and sustainable practices.
The Ministry of Industry has launched a strategic step in the form of a 35% import substitution program in 2022 to encourage the increased use of existing industries, as well as to stimulate investment in Indonesia. It is also carrying out a program of restructuring machinery and equipment in the fabric refining and printing industries.
According to Kartasasmita, this effort has been proven to increase production capacity, production realization and energy efficiency by 21.75%, 21.22% and 11.86% respectively, as well as sales volume. , both domestically and for exports, by 6.65%./.