Business · Companies · 1 hr ago
Danantara plans Rp 100 trillion investment in Indonesia's textile industry
Danantara plans to invest about Rp 100 trillion in Indonesia's textile industry.
The plan would create a state-owned textile company by taking over several factories and combining their operations.
Industry Minister Muhammad Sarmuji said his ministry has coordinated with Danantara on the proposal.
He said the factories have different strengths that could be brought together to build a more competitive industry.
The plan could also provide a new employer for textile workers who lost their jobs.
Sarmuji hopes the company can be set up as soon as possible, but no launch date was given.
Danantara plans to invest around Rp 100 trillion in Indonesia’s textile industry.
The investment is intended to create a state-owned textile company by taking over and combining several factories.
Industry Minister Muhammad Sarmuji said the factories’ strengths could be combined to improve production capacity and competitiveness.
Sarmuji hopes the plan can be implemented as soon as possible, partly to provide work for textile workers who have been laid off.
- Who
- Danantara plans the investment, and Industry Minister Muhammad Sarmuji described the proposal.
- What
- Danantara plans to invest around Rp 100 trillion and take over several textile factories to form a state-owned textile company.
- When
- The plan was discussed in an interview published on October 24, 2026. Sarmuji said he hoped it would be implemented as soon as possible.
- Where
- Indonesia.
- Why
- Combining factories could strengthen production capacity and competitiveness. Sarmuji also cited the need to provide a new workplace for laid-off textile workers.
This story does not have two clearly opposing sides.
Sarmuji said the Ministry of Industry had coordinated with Danantara about the investment plan.
Sarmuji discussed the proposed investment in an interview with Detik.
- Planned investment
- Around Rp 100 trillion
- Planned company
- A state-owned textile company
- Factories
- Several textile factories would be taken over and combined
- Minister
- Muhammad Sarmuji
- Interview date
- October 23, 2026
What people are saying
We have coordinated with Danantara. Danantara is investing quite a large amount in textile factories, textile production, perhaps around Rp 100 trillion, a very large figure, and taking over several factories, yes, several factories at once.
Perhaps as soon as possible, because the workers who have been laid off actually need a new place to work, and it would be a shame if they were not put to use soon.