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Article: INDONESIA'S TEXTILES INDUSTRY SEEN HAVING A BRIGHT FUTURE.
- Article from:
- AsiaPulse News
- Article date:
- January 10, 2000
CopyrightCOPYRIGHT 2000 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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JAKARTA, Jan 10 Asia Pulse - The country's textile industry is considered a local giant, providing 19 percent of the country's nonoil and gas revenue and a 1.2 million-strong work force.
However, according to the Indonesian Textile Association (API), it accounts for only 2 percent of the global market, which recorded US$350 billion in sales in 1998.
In terms of export, the country's textile industry ranked 12th with $7.8 billion in export sales in 1998, compared with top performers China and Hong Kong, which respectively booked $34.7 billion and $31.5 billion in the same year.
These figures, nonetheless, suggest there is still plenty of room ...