Executive Summary

Key insights and market outlook

PT Citra Terus Makmur (CTM) is expanding its production capacity, signaling confidence in Indonesia's textile industry competitiveness against global rivals like China ¹

. The Indonesian government is supporting the sector through fiscal and non-fiscal incentives, workforce skill development, and production equipment modernization ². These developments indicate a positive outlook for the industry's growth and global competitiveness.

Full Analysis

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Deep Dive Analysis

Indonesia's Textile Industry Gains Momentum with Strategic Expansion

PT CTM's Expansion Signals Confidence

PT Citra Terus Makmur (CTM) has undertaken significant expansion plans, demonstrating confidence in Indonesia's textile industry competitiveness. According to Rizal Tanzil Rakhman, Secretary General of the Indonesian Garment and Textile Association (AGTI), this move proves that Indonesian textile manufacturers can compete effectively even with China ¹

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Government Support and Industry Transformation

The Indonesian government, led by Minister of Industry Agus Gumiwang Kartasasmita, is implementing comprehensive support measures for the textile and textile products (TPT) sector. These include fiscal and non-fiscal incentives to boost industry efficiency and global competitiveness ²

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Key Government Initiatives

Fiscal and Non-Fiscal Incentives: To encourage modernization and efficiency
Workforce Development: Through vocational education and link-and-match programs
Production Equipment Modernization: To enhance productivity and quality
Raw Material Availability: Government commitment to ensuring supply of essential raw materials

Industry Outlook

The combination of private sector investment and government support is creating a positive environment for Indonesia's textile industry. The expansion by CTM and government initiatives indicate growing confidence in the sector's ability to compete globally.

References