Apparel growth in Indonesia
15/12/2008
Apparel manufacturers in Indonesia expect to end the year with 11.4% growth compared to 2007 and, thanks to continued multi-million dollar investment in the industry by the government there and by the United States Agency for International Development (USAID), to achieve growth of a further 10% next year.
Finished garments account for 60% of Indonesia’s textile output at the moment and exports in this sector are expected to reach $6.4 billion this year, from $5.82 billion in 2007, said Kurnia Saputra, a board member of Garment Partnership Indonesia, an initiative funded by USAID.
Although several textile companies have had to lay off workers, garment makers have been doing well and have absorbed another 50,000 workers this year, according to Redma Gita Wirawasta, executive director of the Indotextiles research centre. There are already more than 1 million workers in the garment industry.
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