Minister Of MSMEs Maman Said The Central Government Was Looking For Solutions To Save Sritex

Minister of Micro, Small and Medium Enterprises (MSMEs) Maman Abdurrahman. (Photo: Doc, Antara)

JAKARTA - Minister of Micro, Small and Medium Enterprises (MSMEs) Maman Abdurrahman said there was a directive from President Prabowo Subianto in rescuing PT Sri Rejeki Isman Tbk (Sritex) which was declared bankrupt by the Semarang Commercial District Court's decision.

Meanwhile, PT Sri Rejeki Isman Tbk or Sritex (SRIL) was declared bankrupt based on the decision of the Semarang Commercial District Court, Case number 2 / Pdt.Sus- Homologation / 2024 / PN Niaga Smg.

Maman said the President wanted anticipation of handling Sritex because many workers were dependent on the textile factory.

"This is also Sritex. There has also been a directive from the President to anticipate handling. Because it must be understood, like garment companies, the textile industry has many workers hanging there," he said after the opening of the 2024 ISEF, at JCC, Wednesday, October 30.

Therefore, Maman said there was a directive from the President to find a solution for the largest textile company in Southeast Asia.

"There is encouragement from the President and is also being studied to anticipate the solution," he explained.

Previously, Coordinating Minister for Economic Affairs Airlangga Hartarto said that in rescuing PT Sri Rejeki Isman Tbk (Sritex) from bankruptcy, namely by ensuring that factory activities continue.

Airlangga said that the Sritex case had been processed in court and the curator had been appointed, so the Government would speak to the curator.

"Yesterday, we spoke with the Director General of Customs and Excise that the going concern or factory must continue. Therefore, exports will continue," he said after the opening of the 2024 ISEF, at JCC, Wednesday, October 30.

Then for the next stage, Airlangga said Sritex had submitted a cassation process to the Supreme Court (MA) to cancel the Semarang Commercial District Court (PN) decision.

However, Airlangga hopes that the process can be completed quickly based on applicable legal regulations.

"Of course the next stage is that there is an cassation process, and we just follow the ongoing legal process. But we still keep it from stopping factories," he said.