The government remains committed to sustaining the competitiveness and long-term growth of the national manufacturing sector amid global economic uncertainty and rising import pressure in the domestic market. One key step taken is the revocation of Ministry of Trade Regulation (Permendag) No. 36/2023 along with Permendag No. 8/2024, and the issuance of nine new regulations. This policy marks the beginning of a deregulation effort aimed at simplifying licensing procedures, in line with President Prabowo Subianto’s directive for ministries to conduct self-assessments and review their licensing processes. According to Minister of Industry Agus Gumiwang Kartasasmita, this move will create space for industry players to remain competitive, respond to global challenges such as export market contractions, and secure essential raw materials for domestic industries.
Agus emphasized that deregulation should align with the vision of building a self-reliant and competitive industrial sector. Industry development is not only about investment and factories, he noted, but about empowering human capital and upholding Pancasila-based economic values. The Ministry of Industry supports this deregulation alongside comprehensive reform to cut red tape and reduce costs. At a press conference on June 30, Deputy Minister Faisol Riza added that industry stakeholders, including associations from textiles, footwear, electronics, and cosmetics, have provided input to ensure fairer, pro-real-sector policies. The textile and textile product (TPT) industry, which grew 4.64% in Q1 2025 and employs nearly 4 million people, is expected to benefit significantly from these changes.
