Indonesia
GOVERNMENT TO ESTABLISH NEW TEXTILE SOE TO REVIVE INDUSTRY
Following the bankruptcy of PT Sritex, the Indonesian government plans to establish a new Textile SOE under BPI Danantara. Backed by $6 billion in funding, the initiative aims to safeguard thousands of jobs and modernize technology. President Prabowo’s administration targets boosting textile exports from $4 billion to $40 billion within a decade, positioning the sector as a primary defense against global tariff risks while strengthening the domestic value chain.Source: https://www.antaranews.com/berita/5360798/usai-sritex-tutup-pemerintah-siapkan-bumn-khusus-bidang-tekstil (ICE GIACARTA)
Fonte notizia: AntaraNews, 19 January 2026
