Crisis in Indonesian Textile Industry: Sritex Bankruptcy Sparks Urgent Calls for Government Action
Yusuf Rendy Manilet, an economist at the Center for Reform on Economics (CORE) Indonesia, has also called for the government to strengthen measures against illegal imports. He argues that these imports are undermining the competitiveness of local industries. Manilet advocates for tighter oversight at ports and a reevaluation of tariffs to ensure a fair playing field for local manufacturers.
To safeguard the future of Indonesia’s textile industry, experts agree that a multifaceted approach is necessary. Strengthening local industries through better policies and support, while addressing the challenges posed by imports, could help stabilize the market and promote sustainable growth. As the situation unfolds, the actions taken by the government will be crucial in determining the industry’s trajectory. (Uki Ruknuddin)
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