{
    "success": true,
    "data": {
        "id": 2055507,
        "msgid": "on-plans-for-a-state-owned-textile-firm-to-acquire-sritex-assets-danantara-chief-comments-1793001072",
        "date": "2026-10-26 14:27:50",
        "title": "On Plans for a State-Owned Textile Firm to Acquire Sritex Assets, Danantara Chief Comments",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Business",
        "summary": "BPI Danantara is considering acquiring assets from bankrupt textile company Sritex as one option for establishing a textile business, alongside building a new company from scratch. COO Dony Oskaria said the plans remain under review and could help preserve jobs; the investment amount will depend on the industry\u2019s needs.",
        "content": "<p>Jakarta, CNBC Indonesia \u2014 The Daya Anagata Nusantara Investment\nManagement Agency (BPI Danantara) is preparing several options for\nestablishing a company in the textile sector. One option is to acquire\nassets belonging to PT Sri Rejeki Isman Tbk (Sritex), which has been\ndeclared bankrupt.<\/p>\n<p>BPI Danantara Chief Operating Officer Dony Oskaria said acquiring\nSritex\u2019s assets was one of the options being considered, alongside plans\nto establish a new company. The proposals are still under review.<\/p>\n<p>\u201cThat is indeed one option [acquiring Sritex\u2019s assets],\u201d Dony told\nreporters at the Fairmont Hotel in Senayan, Jakarta, on Monday (26\nOctober 2026).<\/p>\n<p>He said there were several possible approaches to building a textile\nfactory, including taking over existing company assets or constructing a\nnew facility. Acquiring assets could be particularly beneficial if it\nhelped prevent job losses.<\/p>\n<p>\u201cWe can take over an existing business, especially if its closure\nwould result in substantial job cuts. We need to save it, but improve\nits business model and put it on a sounder footing,\u201d Dony said.<\/p>\n<p>\u201cThere is also the option of opening a new factory; that is being\nstudied. When building a company, we can either acquire one or build it\nfrom scratch,\u201d he added.<\/p>\n<p>Dony said the government intended to enter the textile industry from\nupstream to downstream, with the aim of creating a significant number of\njobs.<\/p>\n<p>\u201cEspecially given the market we have: a population of nearly 300\nmillion. We cannot supply our own textile needs, so this is what we are\nworking on,\u201d he said.<\/p>\n<p>Asked about a planned investment of Rp5.55 billion\u2014or Rp100\ntrillion\u2014to revive the national textile industry, Dony said he could not\nyet confirm the figure. He said the budget would depend on the\nrequirements when the industry-building process began.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/on-plans-for-a-state-owned-textile-firm-to-acquire-sritex-assets-danantara-chief-comments-1793001072",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}