The Indonesian Minister of Industry Agus Gumiwang stated that the textile industry in Indonesia is not experiencing a decline as previously reported. “Even though there are reports of plans of massive layoffs, the textile industry and related sectors are currently experiencing increased
The Indonesian Textile Association (API) anticipates investments in the textile industry to contract in 2024, on expectations of the economic slowdown continuing in its key export markets. According to Jemmy Kartiwa Sastraatmaja, Chairman of API, the worldwide economy is not in good shape and is forecast to weaken, while at the same time, interest rates […]