Trade Minister Zulhas After Export Textile Of Konglomerat's Sritex Product Iwan Lukminto Worth 3.71 Million US Dollars

Sritex's export release. (Photo: Doc. Antara)

JAKARTA - Trade Minister Zulkifli Hasan released textile exports produced by PT Sritex Tbk to a number of countries with a value of US$3.71 million. "This export can be recorded as MURI, I usually release two, three, or one container, this can reach up to 50 containers to 20 countries. Even more exciting (Sritex has) almost 100 partner countries," said the Minister of Trade in Sukoharjo Regency, Central Java, quoted from Antara, Thursday 15 September. Regarding exports, he said, President Joko Widodo has ordered that in one month there are at least three trade missions abroad, especially to the new market. "I will make an agreement with Egypt, so we will finish it later. Then to Nigeria, Morocco, and several African countries. In addition, we also (hold) the traditional market," he said. He said that currently the Indonesian nation is facing challenges that are not light, one of which is a fast-changing geopolitical situation. "West and East management was spearheaded by China very quickly. This competition was also triggered by Russia and Ukraine which had a tremendous impact, including an energy crisis, plus food which resulted in a financial crisis. The President gave directions that the world was not doing well, so we have to be vigilant, including strengthening cooperation," he said. His party noted that Indonesia's trade balance in January-June 2022 overall achieved a surplus of 24.89 billion US dollars with domestic economic growth of 5.44 percent. "This is one of the highest economic growth in the world. This is the role of friends (exporters) including Sritex. That's why we have to protect our domestic industry," he said. He said that currently the export market share from Indonesia is still at 1.44 percent worldwide. Thus, the potential is very large to be increased again. On the same occasion, President Director of PT Sritex Iwan Setiawan Lukminto said the delivery of export products was a regular agenda in Sritex. "This only takes momentum, how at this time we are trying to boost exports. Macroeconomic conditions are all not good, this event is an encouragement," he said. He said several products that were exported this time included yarn, fabrics, garment, fashion, and army clothing to Sweden. "Strict competition in the global textile industry is a challenge and an opportunity for us to continue to innovate and be creative both in terms of products, technology and human resources. We are committed to being part of Indonesia's export plan in 2025 with a target of achieving 30 billion US dollars," he said.