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Strength of china's textile industry dropped

Strength of china's textile industry dropped Source:
Date: 19-08-2013
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As one of the companies engaged in the integrated textile industry, PT Sri Rejeki Isman more familiar with trademark Sritex assessed that Indonesia with all its economic power can be developed into an international protagonists replace China's textile industry. In view Sritex, China even now no longer referred to as a 'superpower' in terms of the level of competition in the international textile business.
 "China is no longer a strong competitor to be feared. The situation there is no longer such as 10 years or 15 years ago. (Ability) they were much reduced in the textile industry. In terms of labor shortages they have started. They are now more focused on the electronics industry, "said Director of Sritex, Iwan Setiawan.
Although the minimum wage has been raised by local governments, according to Iwan, labor in China is now much more interested in working in the electronics industry that requires expertise (skills) so that the special offer higher salaries than textile firms.
With that understanding, Iwan explained, it as the national industry is excited and challenged to further strengthen its international market has now penetrated more in 30 countries. With a focus on working on the type of military clothing products, Sritex optimistic to win the competition the world textile industry.
"We're right in terms of wages is still very affordable. This is the right time for the development of the textile industry in Solo (Central Java) and other areas. We ourselves are still many countries that we have not been entered. This is the challenge to better market our products, "said Iwan.
Not only the view that 'power' China's textile industry has been much reduced, the plan turned Sritex now it is targeting the Bamboo Curtain country as export destinations. Target of increasing exports of yarn spinning (spinning) of 353 thousand bale current position bale to 700 thousand by the end of 2013, as many as 10 thousand bale of which is expected to be contributed from the export market to China.
"We did have a plan exports go to China because of their high population to 1.2 billion people and their potential retail buyers is extraordinary. The target is 10 thousand per year to bale spinning to China. In addition to spinning, we also export around 16 million clothing garments to the whole Asian market, "said Finance Director Sritex, Allan M Severin.
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