Challenges and Opportunities in Indonesia’s Textile Industry: Navigating Regulatory Hurdles
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- Published: Monday, 24 June 2024 15:25
Indonesia's textile and textile products industry, a significant contributor to the nation's economy, is facing a critical challenge: attracting investments, particularly in crucial polyester production lines. According to the Indonesian Fibre and Filament Yarn Producers Association (APSyFI), the industry's growth potential is hindered by unclear and inconsistent regulations, which have stalled several investment plans, including those of major players like the Tongkun Group from China.