Banks to help textile producers<\/p>\n
Zakki Hakim, The Jakarta Post, Jakarta<\/p>\n
Bank Rakyat Indonesia and Bank Danamon have agreed with the
\nMinistry of Industry and Trade to provide help for troubled
\nsarong and batik producers in Pekalongan, Central Java, and in
\nMajalaya, West Java.<\/p>\n
The agreement was reached during a meeting at the ministry on
\nFriday, said director general for domestic trade Rifana Erni.<\/p>\n
She was unable as yet to provide details as the matter was to
\nbe further discussed on Monday.<\/p>\n
However, one short-term measure to aid the sarong and batik
\nproducers would be to encourage state-owned companies to purchase
\nthe products.<\/p>\n
The banks could provide loans to finance such transactions.<\/p>\n
Rifana said that state-sponsored investment financing company
\nPermodalan Nasional Madani had also agreed to help.<\/p>\n
The sarong and batik producers have found themselves in
\nserious trouble in marketing their products after the Tanah Abang
\nmarket, the main domestic market and export channel for textile
\nproducts, was destroyed by fire last month.<\/p>\n
Currently, there are some 14 million sarongs worth about Rp
\n175 billion (US$19.70 million) piled up in Majalaya and
\nPekalongan.<\/p>\n
Rifana earlier said that the ministry would also help the
\nsarong and batik producers open up new domestic markets in
\nSumatra and South Sulawesi.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/banks-to-help-textile-producers-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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