Related Keywords: API, close businesses, economic slowdown, facing rising production cost, forced to dismiss workers, help industry survive, Indonesian Textile Association, Indonesian textile producers, local textile industry, pressing purchasing power, raw material imported, weak sales
With an economic slowdown pressing people’s purchasing power, Indonesian textile producers are facing weak sales and rising production costs. They have urged the government to take swift action to help the industry survive as number of companies due to flat growth are already forced to dismiss workers and may be even forced to close their businesses.
