The Ministry of Industry (Kemenperin) has taken various strategic steps to improve the performance of the textile and textile product (TPT) industry to be more productive and competitive, one of which is through the provision of machine price discounts. This program is also part of the implementation of the Making Indonesia 4.0 roadmap, which makes the textile sector one of the priorities.

"This incentive is a stimulus for companies to use machines and equipment that are more modern, efficient, energy efficient, and more environmentally friendly. To date, ten companies have been approved to take advantage of this program through the Agreement on the Provision of Discounted Reimbursements (P4H)," said the Director of the Textile, Leather and Footwear Industry of the Ministry of Industry, said Elis Masitoh.

Elis said, in 2022, the Ministry of Industry's budget for providing engine price discounts is IDR 5 billion. The total discounted price given is Rp. 3.07 billion, so there is still a budget of Rp. 1.93 billion, which is planned to be realized in July 2022. Until June 27, 2022, the Ministry of Industry has approved deals for ten companies that have stimulated investment in new machinery from the industry, amounting to IDR 53.9 billion.

The Ministry of Industry will continue the machine restructuring program in 2023 with a budget allocation of IDR 7 billion. "In the years to come, this program is expected to be a positive signal for investment in machinery/equipment to increase productivity and industrial competitiveness. Hopefully, companies that receive incentives in this program can continue to survive in global competition, and the textile industry will be more victorious," he said.

"This program is also carried out based on Law Number 3 of 2014 concerning Industry, the National Industrial Development Master Plan (RIPIN), and the National Industrial Policy (KIN) as a stimulus from the Government to encourage industry to implement Industry 4.0 while strengthening the structure of the textile industry," concluded Elis.

 

Source: ikft.kemenperin.go.id