Coordinating MINISTER (Menko) for Economic Affairs, Airlangga Hartarto, provided further information regarding the Sritex bankruptcy case. He said that currently Sritex’s status is in the hands of a curator after being officially declared bankrupt by the Semarang Commercial Court.
“So of course this is what we will wait for from the curator. However, from the government’s point of view, we hope that the company will continue to run. Regarding the next condition, of course we will look at the next steps. Because as of today’s position, the company already has a court decision,” said Airlangga in his office, Wednesday (30/10).
Then, continued Airlangga, for the next steps, the government will look further into the results of the legal process currently being submitted by Sritex. “The important thing is that this company is still running, and Customs and Excise has permitted its imports and exports, but management is handled by the curator. And the next steps are also decided by the supervising judge, so that’s what happened,” said Airlangga.
Apart from that, for labor-intensive industries, Airlangga emphasized that the government is preparing what can be done for the labor-intensive sector because the government does not want this labor-intensive sector to experience systemic problems.
“We know that some time ago there were problems, but several of these textile-based companies have carried out restructuring. So of course restructuring is something that is being pushed by the government, but on the other hand, investment in the textile industry has also increased, we can see it in the Java region “In the middle, whether in Kendal or others, the textile industry is also entering and the orientation is mostly exports,” he concluded. (S-1)
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**Interview with Airlangga Hartarto on Sritex Resuming Activities**
**Interviewer**: Welcome, Minister Airlangga Hartarto. Thank you for joining us today to discuss the recent developments surrounding Sritex.
**Airlangga Hartarto**: Thank you for having me. It’s important to update everyone on this significant matter.
**Interviewer**: The government has allowed Sritex to resume its export-import activities. What led to this decision, given that the company has faced bankruptcy?
**Airlangga Hartarto**: Indeed, Sritex was declared bankrupt by the Semarang Commercial Court, and its case is currently in the hands of a curator. The decision to allow them to resume activities stems from recognizing the company’s critical role in our textile industry and its impact on employment and the economy.
**Interviewer**: What are the next steps for Sritex as they navigate through this process?
**Airlangga Hartarto**: As we await guidance from the appointed curator, Sritex will need to work closely with them to ensure all legal and financial matters are addressed. The resumption of their activities is contingent upon compliance with these processes.
**Interviewer**: How does the government plan to support Sritex during this transitional phase?
**Airlangga Hartarto**: We are in constant communication with relevant stakeholders, including Sritex, to monitor their situation. Our goal is to facilitate a smoother transition so they can stabilize and potentially recover.
**Interviewer**: What does this mean for the broader textile industry in Indonesia?
**Airlangga Hartarto**: This is a positive development. Sritex’s resumption of activities can help boost the local textile economy, encourage investment, and ultimately support jobs within the sector. We believe in the potential of this industry and are committed to its growth.
**Interviewer**: Thank you, Minister Hartanto, for sharing these insights. We look forward to seeing how this situation unfolds.
**Airlangga Hartarto**: Thank you for having me. It’s a critical time for Sritex and the textile industry, and we remain optimistic.
