Negative Signs from Textile Industry
Summary
- The textile industry urges the government to provide some incentives to compete with products from other countries. The reason is that many regulations are deemed burdensome or make input costs expensive.
- Regulations related to the import of textiles and textile products may be changed following the entrepreneurs’ demands, which have been implicitly approved by President Joko Widodo.
- The industry is in an unfavorable condition as indicated by a continuous decline in the Manufacturing Index. The latest data shows a contraction in position.