The Textile Industry Will Continue To Be Strong.

The textile industry is one of the most important industries in the future. The growth rate of textiles, leather, footwear and diversified industries should reach 6.3%, and contribute 2.43% to GDP.

　　 Indonesian Ministry of industry Mudori, director of textiles, leather, footwear and diversified industries, said at a press conference that the textile industry is one of the most important industries in the future. Therefore, in 2016, the government set an index that the growth rate of textiles, leather, footwear and diversified industries should reach 6.3%, and contribute 2.43% to GDP.

Mudori said: "the textile industry will continue to be strong, because it is a labor-intensive industry and a" social safety net "that supports people's income. The labor The biggest contribution has also been made.

He said that during the 2015, the textile industry had contributed 1.22% to GDP and the export surplus amounted to about US $4 billion 310 million, and the total value of textile exports amounted to US $12 billion 280 million, or accounted for 8.17% of the total export value of the country. He revealed that textile industry It ranks third in terms of national exports, and has absorbed 2 million 790 thousand workers, of whom 70% of products are used to meet the domestic market demand for garments.

He added that the textile industry's contribution to the state's foreign exchange was also great, and last year's total textile investment amounted to 573 trillion shield, an increase of 16.9% over 2014. According to records, foreign investment in the textile industry contributed 5.05% and domestic investment contributed 3.07%.

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Russia's light industrial production costs have been equal to the cost in China, so many Russian light industrial producers have begun to move their production lines back to Russia.

Ye J Tu Hoff, Vice Minister of Russia's Ministry of industry and trade, said in an interview that Russia's production cost has been flat with China as a whole, and in some cases even cheaper 10-15%. The newspaper quoted Ye J Tu Hoff as saying: "the main factor is the decline in Russian production costs due to the ruble depreciation. Labor and indirect spending have become much cheaper than the cost of production in our neighbours. "

Another factor, Ye J Tu Hoff argues, is that countries with low manufacturing costs have begun to break away from cheap technology, and the price of productive forces has risen, so the prices of products are also rising. According to him, the wages of Chinese textile mill workers have increased two times over the past ten years, and have reached the income of workers in Russia.

Pite Mars Kaya, vice president of Rozteh, a Russian lingerie retailer, said the company is preparing to double production in Russia to 8 million pieces a year. Previously, the company mainly ordered products from China and the Baltic States.

Akiba Love, the representative of Sportmaster, told the press: "local production has become more interesting and price competitive." The company now produces 15% of its clothing and shoes in Russia. But some Russian textile representatives did not plan to move the production line back to China. Retailers pointed out that local production risks include Russia's lack of raw materials.

Ely Daroff, chairman of the Russian textile association, told the press: "Russia's production costs have been flat with China." He also said that in some cases it might be 10% cheaper. So foreign and Russian retailers began to shift their production lines from China to Russia.