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(fiber2fashion) -- Indonesia’s textile industry is
expecting to benefit from the slowdown in the Chinese textile sector, which is
going through a crisis after the Government lifted subsidies and incentives
provided to the sector.
The Chinese textile sector is also finding
it difficult to find skilled workforce amid rising labour costs. This provides
good opportunity for the Indonesian textile industry to capitalize on the
situation and compete with China made goods, according to the Indonesian Textile
Association (API).
The decrease in cotton prices from last year’s record
high is also a favourable aspect for the Indonesian textile
sector, the API
said. The financial crisis in the EU and the US last year had no significant
impact on Indonesian textile industry, as it found new markets in Asia. The
sales in Indonesian domestic market have also increased last year, API added.
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