Related Keywords: API, electricity price, Indonesian textile and garment industry, Indonesian Textile Association, investment from foreign investors, labor cost, potential trade agreement, rising challenges
Indonesian textile and garment industry regardless of rising challenges by way of new electricity prices and increase in labor costs expects to receive investment of around Rp 3 trillion (US$230.15 million) this year. According to Indonesian Textile Association (API) chairman Ade Sudrajat, sizeable portion of Rp 1 trillion will derive from a local firm, while the majority will come from foreign investors, particularly from China, South Korea and Taiwan.
