Future-Proofing Textile Industries: Expanding Eligible Participants for Machinery Restructuring Program

In 2021, the Minister of Industry (“Minister”) introduced Regulation No. 18 of 2021 (“Regulation 18/2021”) on the Program for the Restructuring of Machinery and/or Equipment for the Fabric Finishing Industry and Fabric Printing Industry (“Restructuring”). As its title suggests, Regulation 18/2021 set out the applicable prerequisites for the implementation of Restructuring.

 

However, in an effort to ensure that the applicable Restructuring framework is in line with current industrial and legal requirements, the Minister has now decided to issue Regulation No. 20 of 2024 (“Regulation 20/2024”) on the Program for the Restructuring of Machinery and/or Equipment for Textile and Textile Product (Tekstil dan Produk Tekstil – “TPT”) Industries. Upon entering into force on 10 July 2024, Regulation 20/2024 simultaneously repealed and replaced Regulation 18/2021.[1]

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