JAKARTA - The government is preparing to establish a State-Owned Enterprise (BUMN) in the textile sector to save the economy that emerged from the labor-intensive industry.
This was conveyed by the Minister of State Secretary (Mensesneg) Prasetyo Hadi to reporters at the Presidential Palace Complex, Jakarta, Monday, January 19. The formation of the Textile SOE was carried out after Sritex was declared bankrupt.
According to Prasetyo Hadi, the government must be present in the labor-intensive industry, especially Sritex which employs approximately 10 thousand employees.
Prasetyo Hadi added that the establishment of the textile SOEs is still being processed by Danantara.
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