The Financial Services Authority (OJK) continues to strengthen the role of the financial sector in supporting the real economy, particularly by enhancing sustainable financing for the Textile and Textile Products (TPT) industry. This sector is seen as strategic for Indonesia’s national economic transformation. As part of these efforts, OJK held a consinyering forum in Jakarta on May 16, 2025, involving multiple ministries, banking institutions, and industry players to discuss structural challenges, collaboration opportunities, financing needs, and ecosystem strengthening for the TPT industry.
OJK’s Banking Supervision Executive Head, Dian Ediana Rae, emphasized the importance of cross-sector collaboration to create a healthy, resilient, and globally competitive TPT ecosystem. Key issues include high export logistics costs and the need to diversify export markets beyond traditional countries like the US, Turkey, China, Malaysia, and Japan. By March 2025, credit disbursement to the TPT and footwear industries reached IDR 160.41 trillion, supporting 4 million workers and contributing 1.02% to Indonesia’s GDP, with the sector showing a positive growth of 4.64% year-on-year.
