Regarding Sritex, DPR Supports Textile Industry Protection Policy

JAKARTA - Member of Commission XI DPR RI Charles Meikyansah supports the Government's efforts to prepare policies to protect the textile industry. This follows the issue of PT Sri Rejeki Isman Tbk (Sritex) which was declared bankrupt.

"We support the efforts of the Government which is currently struggling to provide rescue for Sritex. Because if Sritex goes bankrupt, it can certainly affect the national economy," said Charles Meikyansah, Thursday, October 31.

Charles said the DPR is ready to cooperate with the Government to save Sritex, which is the largest textile company in Southeast Asia.

"We cannot remain silent when the fate of tens of thousands of people is at stake. The state needs to help Sritex with the aim of not having mass layoffs on its employees. And of course, so that our textile industry is not affected," he said.

Charles also supports the Government's efforts to prepare various rescue measures for Sritex. Starting from the Antidumping Import Duty (BMAD) policy and Safeguard Measure Import Duty (BMTP).

"Form help in the form of ease of regulation, I think it's very appropriate. Because this not only saves Sritex, but also the textile industry as a whole," said Charles.

"We also encourage the Government to make a breakthrough so that the domestic textile industry can triumph again. Because we know that recently many textile and garment companies have had difficulties due to several factors," continued the legislator from the East Java IV electoral district.

One of the factors that makes the Indonesian textile industry sluggish is the fact that the mining of imported goods at competitive or cheap prices. The local textile industry has become less competitive, causing several companies to go out of business or make efficiency by reducing employees, resulting in a storm of layoffs in the textile and garment industries.

Commission XI of the House of Representatives in charge of state financial affairs and national development planning also hopes that the Government will provide stimulus policies for textile business actors. Because, said Charles, the textile industry also contributed a lot to national economic growth.

This textile industry is a labor-intensive industry that absorbs millions of workers and contributes greatly to GDP (gross domestic product). Including large companies like Sritex that export their products abroad, it is a contribution of income for the country," he explained.

Charles stated that the DPR is ready to oversee policies that support the competitiveness of domestic industries such as the textile industry. For example, by tightening imports and incentives for local production.

In this regard, entrepreneurs assess that one of the causes of the flood of imported goods is because there is a Regulation of the Minister of Trade (Permendag) Number 8 of 2024 concerning Policy and regulation of imports. The entrepreneur hopes that the Government can revise this rule.

"Essentially, we want domestic industries, including the textile industry, to be protected from unhealthy competition. So there must be intervention that supports and maintains the industrial climate in Indonesia," concluded Charles.