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Target export 2008 US$ 10 billion for textile industry

textile.jpg

The government of Indonesia expects that our export from the textile sector will growth around US$10 billion for this year (2008). 

Following the discussions with the country’s banks, the government hopes that they will help revitalize the textile industry by providing up to Rp. 2 trillion or equivalent with US$ 222 million in loans for this year to support the government’s own Rp. 255 billion re-equipment program for the sector. 

The government also plans to increase its support fund to Rp. 1.27 trillion over the next five years, with the banks expected to follow suit in committing up to Rp.  8.5 trillion in lending. 

As we know that until now so many textile companies in Indonesia have shown they are able to maintain good credit records.  

Currently, the textile and garment industry has contibuted US$ 9.4 billion from the our total export around US$ 100.6 billion on the last year (2007) and also provided an employment for some 1.8 million of workers.  

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